ARIASWAVE CRYPTO MARKET UPDATE - Tracking the Latest Price Moves
In this video I cover Bitcoin and XLM and talk about what I see happening over the coming months.
I believe we will see a relief rally sooner rather than later in these markets.
I have adjusted the count for Bitcoin due to the waves observed that the current lows.
Each wave that occurs in the markets gives off clues to the overall count which is why I've been patient.
If we are to expect some kind of rally, then it's best to understand which waves will cause it.
In the case of Bitcoin, it looks to be part of the corrective portion of Wave D of Wave 2.
In the case of XLM's potential to rally it looks like it is Wave C of Wave 2.
For now, it appears to be wise to wait for Bitcoin to at least trace out the start of a bear market rally...
Whereas in the case of XLM it looks like it has already displayed signs that the bear market rally has already begun.
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.
I believe we will see a relief rally sooner rather than later in these markets.
I have adjusted the count for Bitcoin due to the waves observed that the current lows.
Each wave that occurs in the markets gives off clues to the overall count which is why I've been patient.
If we are to expect some kind of rally, then it's best to understand which waves will cause it.
In the case of Bitcoin, it looks to be part of the corrective portion of Wave D of Wave 2.
In the case of XLM's potential to rally it looks like it is Wave C of Wave 2.
For now, it appears to be wise to wait for Bitcoin to at least trace out the start of a bear market rally...
Whereas in the case of XLM it looks like it has already displayed signs that the bear market rally has already begun.
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.
