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.***
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.***
