AW Bitcoin Analysis - Wave A Zig-Zag Looks Complete...
In my experience whenever you see price perform this type of move at the highs it means it has no strength.
This is typical of a Weak 5-Wave move for Wave (C) even though it looked like it had potential.
That type of sub division does not belong in the start of Wave 3.
The sudden reversal and subsequent pull back may be an opportunity to enter a short position.
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.***
This is typical of a Weak 5-Wave move for Wave (C) even though it looked like it had potential.
That type of sub division does not belong in the start of Wave 3.
The sudden reversal and subsequent pull back may be an opportunity to enter a short position.
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.***