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AriasWave
Aug 15, 2022 10:09 AM

CRYPTO MARKET UPDATE - Make The Best Of A Bad Situation... Short

BITSTAMP:BTCUSD60
Bitcoin / U.S. dollarBitstamp

Description

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In this video I talk about what I believe is now happening in the Crypto markets.

There is now too much evidence to support the bearish view.

I am only going to use 3 cryptos as an example as to what possibilities might lie ahead.

It has become increasingly difficult to try and predict how deep this will go due to the wave that comes next if this is in any accurate.

I will do my best to explain these scenarios by laying down some ground work first.

My future Crypto ideas will take the things mentioned in this video into consideration.

When I manage to come up with a confluence of reasons then I tend to post market update.

Otherwise I will wait it out whilst thinking of the alternative in case things change based on the wave counts.

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[b/] 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.
Wave AnalysisBitcoin (Cryptocurrency)synthetixshibBTCUSDSNXUSDTSHIBUSDT
Comments
Aimee_J
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Watched the video I disagree about another leg down due to having a different EW count and also my count on the S&P 500 suggests we've bottomed. But I found the video interesting either way.
AriasWave
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@Aimee_J, Famous last words :) - BTW this is not Elliott Wave.
Aimee_J
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@AriasWave, Elliot wave gives a bias for what direction we're going in. It's why I don't think the rising wedge will break down, sorry if that was confusing.
simpsonepic1a
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To much evidence what a load off crap.
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