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AriasWave
Feb 16, 2021 6:51 AM

BITCOIN - Wave Revision - Wave 5 of Wave (C) In Progress 

BITSTAMP:BTCUSD240
Bitcoin / U.S. dollarBitstamp

Description

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Not much has changed, we still need to see a break of the Wave iv low in order to see a reversal.

Since we broke the highs, this only indicated to me that we had one more high left.

So now we also need to see break of Wave 4 (32,050) and Wave iv (27,662).

I have marked out what I believe to be the entire Wave 3 move.

Wave 2 was expanded and sideways whilst Wave 4 was a simple correction.

Although Wave (C) of this Wave B is longer than Wave (A) I still firmly believe this will reverse shortly.

I have taken the measurement of Wave 1 and have placed the approximate target for Wave 5 at $51,611.

Historically Bitcoin tends to top ahead of the Dow Jones, see my latest Dow Jones idea linked below.

If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Wave AnalysisbtcusdanalysisBitcoin (Cryptocurrency)
Comments
MW_98
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Hi AriasWave, been following you a while. I like the fundamentals of your Wave Analysis simply put the "How Nature works since mankind", "Action and Reaction" concept.

We know bitcoin is a bubble fueled by euphoria, stupidity and probable fake money (Tether) printing. Elon Musk changed the route of nature at 39k and it gets expanded and expanded. And if one waiting for a sizeable correction before long or worse short it, a lot opportunities lost in the route of it.

I am curious to know your latest opinion on bitcoin in a whole. Taking account of what is happening in financial market especially TNX, DXY, DJI.

Cheers
AriasWave
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@MW_98, Thank you for your support. I will be releasing a video later today that cross examines markets using some fundamental analysis overlay-ed on top of AriaWave analysis. I have been researching best ways in which to do this lately in order to provide a more holistic view using some macro views which I find align perfectly with what we are seeing in markets today.
AriasWave
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@MW_98,
Dave-FX-Hunter
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Good job mate, keep it coming
AriasWave
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@Dave-FX-Hunter, Thank you. Will do!
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