AW Bitcoin Analysis - The Top is in, I Messed Up My Count Again.This video speaks for itself... I think the market needed to get everyone sucked into it so it could sell off like this.
I supposed that could in some way explain some of it because at the end of the day markets are all about fear and greed.
Greed is good but only when the time is right.
If you want to learn to do this yourself and save a bunch of pain, you know what to do.
Do you still think it's going up?
You never know it might reverse?
Just kidding.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
BLX
AW Bitcoin Analysis - Commentary, Insight & Knowledge...We are getting closer and closer to the end of this madness.
I believe price will begin moving down in around an hour or two.
In this video I talk about the current setup and what I think it means.
I also go into some detail about other technical reasoning and what other people might be seeing.
I also attempted to play some devils advocate but once again could find no reasom to be bullish.
If the market proves me wrong I am going to have some trouble figuring this one out, so the wait continues.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Short Trade Insights, Analysis and Commentary...Did you short from the highs or did you succumb to the bullish correction?
The question you need to ask yourself is did you have any idea this was going to perform the reversal without breaking the highs?
I have maintained throughout that we have topped, and the waves don't lie.
Here I share with you why I maintained my bearish view and why it pays to learn the waves.
I told you to ignore the clowns because they are just indicators that prove the extreme levels of bullish sentiment.
They are modern versions of the shoeshine boy tale.
Price is driven by human emotions, fear and greed.
These corrective waves measure the sentiment and lead to a buying climax.
Check out all the related Bitcoin ideas down below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - THE GREAT CRYPTO DEPRESSION...If you believe the market create symmetrical patterns, I believe Bitcoin is creating one now.
A head and shoulders pattern that hasn't even finished creating the head let alone the right shoulder.
If you have ever seen a head and shoulders pattern you might understand how the market takes it's time to carve out this pattern.
If you do not believe that wave 2 is allowed to retrace 99% of Wave 1 then you just do not understand waves.
If you do not understand how waves themselves operate at a granular level, then what do you understand?
We are not just talking about hindsight; we are talking about forward looking analysis as a result of knowledge.
At the very least for the Wave Component that is currently unfolding.
Yes, I am talking about just one wave.
If you do not remember, I have mentioned time and time again that markets only produce two patterns.
5-Wave Moves and Zig-Zags which I call wave components.
Each correction contains a combination of these wave components in a very specific order which I call AriasWave.
When you are trading within a Zig-Zag that is very large and expanded then you have a wave similar to the great depression Wave A.
Bitcoin is currently producing a great depression Wave A Zig-Zag pattern. We all know what happened after that.
In fact, I will link a video down below that explains what happened in the Dow Jones from the Great Depression crash until now, down below.
If you want to know the very fine and complex details of how entire corrections are formed, I got your back.
Check out my profile for my contact details.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Knowing The Waves Gives You Confidence...The current internal count remains exclusive to members only until we break: 23,540.
So far everything looks set for a move down to 10,000.
Resistance\Stop 1: 25.272
Resistance\Stop 2: 25,016
Entry: At market or at Confirmation of 23,540
Price didn't have to come back this far up but the bullish momentum has carried through.
At small degree Wave 2 looks complete and I do not expect another high to occur.
Knowing the waves gives you confidence to take the trade.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Target 10K - Ignore the Clowns...This change of analysis is the best I have had so far, with a very quick response to a change of count I am still in profit.
In this video I explain what happened and why this pattern could not have been predicted earlier.
The complexities I have discovered simply astound me but no matter because the profits are rolling in.
In fact, this is even better than before because we have targets along the way to the bottom.
For now, we are trading Wave (C) of a Wave B zig-zag and our Target is 10K.
Hopefully you shorted when I posted the update.
More updates on the way shortly.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Short Trade Opportunity...As per my video idea linked below, this is the chart for the short trade opportunity.
Whether you believe it or not this is what the chart is suggesting.
Previous Wave iv is the level I expect this to fall down towards.
If it doesn't fall that far great. We need to stay on top of it if we are going to have any chance of catching it regardless.
Entry: At market.
Stop: 25,180
Target: 3,154
Risk Reward Ratio: 28.33
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Small Degree Wave Observations...In this short video I explain what goes through my mind when I look at these patterns.
Every wave means something, and every pattern has a direction that you can identify based on those waves.
If you see something that doesn't align with what you're thinking, then obviously you need to take corrective action.
I shorted this way before I saw these little patterns unfolding and I will explain what they mean.
See related ideas below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Part 2 - Small Degree Wave Observations...Just another quick follow up video correcting the count of the previous video.
I find it slightly amusing how the volatility started picking up not long after the previous video.
It looks like the move down is starting to take place.
We should start to see price fall dramatically very soon.
That first video is linked down below.
Correction: There was a news event and seems to be kicking things off.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Yes I Am Shorting, Here's Why...In this video I go over the analysis again to solidify your understanding as to why I am shorting this now.
It's not really hard to explain when you understand the power of AriasWave.
The market has done us a massive favor by letting us short at these levels, we should be happy and grateful.
For those that have no idea what the marker is doing I suggest you learn the waves for your own peace of mind.
This is an amazing opportunity to build your capital in order to buy the underlying assets when we hit the lows because it will be too hard to trade.
There is always a way to take advantage of the moves happening right in front of you on your screen in the comfort of your own home.
Let's get to it and start making some outsized profits, now is your chance!
If you don't know how we got here, check out the related ideas down below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Profits Booked - Time To Sell Short...Now that we have made some quick overnight profits, in line with my larger view it's time to sell.
We hit the target and the Sell Zone at the same time.
I expect a huge drop from here. I will post an update later today.
Entry: At market.
Stop: 25,270.
Target: TBA.
See below for the bigger picture video.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Long Trade For Wave 5 Chart...Whether you believe there is one more move up or the beginning of a new trend this should work either way.
You can see the full breakdown for the trade idea in the video down in related ideas.
Entry: 22,317
Stop: 21,869 (or last low)
Target: 24,271 (Minimum expectation)
Risk Reward Ratio: 4.28
Critical resistance: 25,270
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Long Trade For Wave 5...The change of view has now happened due to very weak price action at the lows.
After adjusting the count for this Wave E, it's possible that we have one higher yet.
This view prepares us for 2 scenarios.
1: would be if we did happen to break critical resistance, we would already be long.
2. We have a small area at the highs that would be consider the sell zone if price stays under critical resistance.
As I always mention, if my view changes then I will post an update highlighting the more probably count.
If this idea is accurate enough, then we will create profits for the coming short position.
Alternatively, it can be used as a continuation trade if something changes.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - My Thoughts on Current Price Action...Another update after reviewing the waves earlier, there are just a few more things to consider.
Wave 2 might have ended but we need to see price action fall below 21,533 from current levels.
The reason I say this is because impulsive moves typically have very shallow retracements.
At the same time Wave v of Wave 1 was sharp.
We also have big rejection candle from the recent spike that hasn't really resolved in any direction yet.
All in all, I still think there's a chance we could fall from these levels.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Wave 2 Still in Progress...We are not yet ready to drop yet, if it was going to happen it would have happened already.
I'm not trying to be right all the time I am just following the waves and reporting my findings.
If you want to remain short from the highs that's fine, this is geared towards understanding and tracking the waves.
It's also about maximizing risk reward and establishing a new entry point for the short trade for those that are not already short.
Please use this as a guide and to help you with your own analysis.
In this video I also explain the thinking process behind my claims and adjust the count to suit what is happening.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Short Trade Opportunity...22,833 remains as critical resistance.
Bit of an interesting correction for this Wave ii correction however I believe it is now over.
Waves A and B were expanded hence the difficulty determining the patterns.
Once we break 21,533 or the start of Wave E then stops can be moved down to 22,833.
Target: TBA.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Commentary, Insight & Knowledge...In this video we go over the current pattern in this short trade we have been in since the highs.
I talk about everything that we should be taking into consideration right now and if your not then you should.
We are seeing the last and final move down in this correction and it pays to understand what you are seeing here.
My goal is to help you understand the type of thinking that goes into planning for what is ahead.
The chart has all the clues we need on it, it's up to us to use them to our advantage.
I cannot stress enough how important it is to learn the waves in their truest form.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Not Long Before The Next Move Down...Just a quick price action update, I have also just posted my view on Ethereum if you haven't already seen it.
So far it's looking like this market is preparing to dump hard given the length of this sideways correction.
XLM is also expected to move lower to move down in a third-of-a-third wave so we could see some action tonight.
After all my recent updates today, I see bearishness across the board this week.
I don't think there are many things that will move up during this period except the US Dollar as it corrects in preparation for Wave 3 down.
Until then we should expect markets to eventually bottom before the next major bull market begins.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
I am sorry if you don't want to understand BitcoinOn the monthly chart, bitcoin is now moving around the price level of the 0.382 Fibonacci retracement drawn from the 2018 bottom to the all-time high in 2021.
Twice before, this level was exactly the bottom for bitcoin; quite soon after—usually within 3 months—it prompted bitcoin to resume its bull run.
Tom DeMark Sequential shows a 9 each time at the monthly bottom. The September monthly candle close also very nicely notes another 9.
My expectation is that around January 2023, we can expect another spectacle in terms of a sharp price rise.
Historically, it is another unique buying opportunity; don't miss it.
Keep stacking those scarce sats!
AW Bitcoin Analysis - My Thoughts on the Current Waves...Still expecting prices to go lower and here I provide some commentary on the waves since we started this move down.
Understanding what you are trading is important as it helps you understand if anything does not appear to be going the way it should.
So far, every wave here seems to be correctly identified except what comes next could be ending the first wave down or it may just extend lower.
If it is truly the start of Wave 3 then I don't expect prices to fluff around these levels for too long.
There are certain things that we can know for sure however in this case it evident that we still need to move lower even to complete that first move.
How do I know? There are only two patterns that a market produces; 5-Wave Moves and Zig-Zags. I call these wave components.
Each wave component has 3 variances and the combination of these patterns create what I call AriasWave.
If you don't know how to draw out every single wave that occurs in either of these wave components, then you need to learn.
There is a bit more to it however another thing to consider is how corrections expand.
Check out all previous related Bitcoin ideas down below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Head & Shoulders Technical Pattern...The Head and Shoulders is a technical pattern in which either side of the top has price action in Wave 4 on the left and Wave 2 on the right.
Of course, there is a neckline because people like to observe these areas so therefore, they are meaningful.
Speaking to this current move back up to retest the break of the neckline, it also serves to work off oversold conditions at the small degree.
Given the nature of the expected move down by proxy, neither bull nor bear is right until we see lower prices to confirm what we are seeing.
Please check out all my previous ideas linked below if you would like to know more about my bearish view.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - The Drop Has Begun, Let's Observe...In this video I go over the trade and reaffirm the bearish stance.
We do not play around with Elliott Wave here and that is because we actually want to make profits.
Decisions to short against such a large move takes knowledge and conviction.
If you don't know what you are trading just be careful.
I will keep you updated.
Check out all related Bitcoin ideas linked below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
AW Bitcoin Analysis - Look Out Below, it's a Drop Bear...Just a bit of a follow up chart with my suggested count for the beginning of this move down.
It is just the beginning of the first wave, so I expect to see prices fall from current levels.
We need to see a fairly decent drop in order to confirm the bearish thesis.
Many may be expecting this move to continue higher therefore it may be a little choppy to begin with.
As people see their fib levels taken out one by one, we should anticipate the move down to accelerate as it moves lower.
See all related ideas for the expected move down linked below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***