AW Bitcoin Analysis - What The Last Move Up Could Look Like...
In this video I explain what we are currently seeing at the small degree, and I also talk about how this move might end.
We could be dealing with one of the biggest bear market rallies on record if things I discuss in this video come to fruition.
The idea that Wave 5 may extend is visible in Wave 3 and if you think about it, the type of FOMO it would create would be unrivalled.
People would really start to believe that it is going to go to the moon before suddenly reversing course.
As like with many Wave E moves, being the last move in the correction, the alternation between Wave 2 and 4 is likely to be skewed to the downside.
This means that we would see a large Wave 2 (of Wave 5) and a practically a non-existent Wave 4 which may be a quick sharp correction before the fifth-of-a-fifth wave finally completes.
This would give the impression that it was a real Wave 3 and that price would only continue to rocket to the moon for a long time.
We all know that it is unrealistic for price to simply move up in such a sharp manner for extended periods of time because they usually result in a buying climax.
They can be very profitable if you know when to get out of 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.***
We could be dealing with one of the biggest bear market rallies on record if things I discuss in this video come to fruition.
The idea that Wave 5 may extend is visible in Wave 3 and if you think about it, the type of FOMO it would create would be unrivalled.
People would really start to believe that it is going to go to the moon before suddenly reversing course.
As like with many Wave E moves, being the last move in the correction, the alternation between Wave 2 and 4 is likely to be skewed to the downside.
This means that we would see a large Wave 2 (of Wave 5) and a practically a non-existent Wave 4 which may be a quick sharp correction before the fifth-of-a-fifth wave finally completes.
This would give the impression that it was a real Wave 3 and that price would only continue to rocket to the moon for a long time.
We all know that it is unrealistic for price to simply move up in such a sharp manner for extended periods of time because they usually result in a buying climax.
They can be very profitable if you know when to get out of 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.***
