In this video, we build upon the previous Bitcoin post, diving deeper into the count and potential correction unfolding. I share my thoughts on the possibilities of how the current wave could form, starting with an understanding of corrective pattern formation. Using the previous waves as a guide, we explore the general observed patterns, leveraging the concepts allowed by AriasWave.
When dealing with variables, there is no preferred count. Instead, we focus on the factors afforded by the thought process driven by the methodology. In support of this idea, we discuss the $168 retracement, which aligns with a similar length measure down from the neckline. This analysis suggests that the price won't reach zero, as that outcome appears less likely. However, if the price approaches this level, it will indicate extreme market psychology driven by the prevailing narrative at that time.
As always, it's important to remember that these predictions are not exact, but rather a form of envisioning made possible by understanding the concepts embedded within AriasWave. By exploring different scenarios and factors, we gain insights into potential outcomes and the psychological dynamics at play in the markets.
Join me in this video as we delve into the intricacies of the current wave formation, examining the patterns and narrative shaping Bitcoin's journey. Through the lens of AriasWave, we gain a deeper understanding of the market dynamics and the possibilities that lie ahead.
Disclaimer: All predictions are subject to change as new information emerges, and individual analysis should be conducted alongside this discussion.
Again, thank you. After the BIG move down in a year or year and a half, do you see a fast bounce-up similar to what we saw in OIL April 2020? And do you see 250k BTC and higher in 2025 and beyond, or does the BTC cycle finish on the big move down, and all confidence has been lost? Thank you!
AriasWave
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@mblucrypto793ac, Yes, I do believe the bounce will have the same characteristics. I think a lot of different cycles will converge due to a loss of confidence and that some extraordinary measures will be put in place to restore it. I think that it will be the buy the dip opportunity of a life-time for those that are patient.
mblucrypto793ac
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@AriasWave, many thanks!! Do you see it as a zig zag down or massive flash crash? I’d like to take advantage of support and resistance if possible.
mblucrypto793ac
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@AriasWave, curious if you see XRP in the same wave 2 as btc. I ask because if XRP becomes the only crypto with clarity, it becomes an asset in its own class. Do you think we could see XRP going up in its brand new wave 1 while all crypto crash in a wave 2? Curious how you see this.