TradingView
AriasWave
Oct 14, 2021 3:07 AM

ARIASWAVE CRYPTO MARKET UPDATE - BITCOIN - XLMUSD Long

Stellar / USDCapital.com

Description

This weeks market updates will focus on individual markets due to some key elements that need discussing.

The reason for this is due to some opposing views from last week when I made two separate videos.

Since then I have done some research in order to bring some clarity over those views and how they differ between markets.

Using the Bitcoin chart is the best way to understand what lies ahead for Cryptos.

This type of understanding will form the foundation for future updates.

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 advisor, I suggest using this only as a guide. Always do your own research.
Comments
Nickquick7
Didn’t you’re last post say that XLM was gonna crash to 7c?
edubsquared
And before that was $55
AriasWave
@edubsquared, Yes, I have been bullish and bearish many times but my analysis has evolved over time. I am always looking for clues using the AriasWave methodology that help me understand where I have been wrong before and how I can improve my counts and price targets. I have a very good understanding of how corrections work however sometimes corrections can be very short in duration and its all about finding that middle ground psychologically where I don't make too many trade offs in order to fill the gap. Instead I know take a very holistic view based on experience to understand just how long in duration corrections can be compared to other times where they are extremely quick a sharp. That comes with experience. Thank you for your patience.
mfibbs
@AriasWave, sounds like your learning something. Never have one bias and be open to the possibilities.
mfibbs
Ok, I have to say that this was my favorite and probably your most realistic and accurate analysis. I have the same count. The retrace to $.026 was indeed a wave 4 that can indeed move into wave 1 territory when the pattern is a leading diagonal. Now your talking with a realistic target ending wave 5 at around $2.00-$2.10. You don't want to admit it, but you use elliot wave more than you think. You are following elliot wave rules more in this video than your own methodology. There is absolutely nothing wrong with using elliot wave. Sure it can mess you up sometimes but it helps far more than hurting someone who knows it and studies it. Thank god your not talking that $55-$60 bullshit anymore. Xlm will never be $55 in our lifetime. it just wont. Also, it did seem possible that we could have had a drop down to $.10-$.12 or at least another retest of $.20 but that never happened. if you continue to show realistic analysis, and not be so arrogant and actually value someone's opinion than maybe more trading viewers will respect you more.
Hansdolo83
@mfibbs, its funny if u think he's such bs all the time why do u need to chyme in on everyone of his posts? wouldnt u ignore them? ur just as arrogant as him or worse...lol 55? it definetely could happen unless how old r u? 80? haha. cheers i still like ur impute mr fibbs and follow u.
Nickquick7
@Hansdolo83 wrong you would chime in to stop others from listening to and following his harmful analysis.
jmancharts
$4?
AriasWave
@jmancharts, Price predictions and ideas are just that. You can have guides based on principles and methodologies but you can never get it 100% right. This is why I will endlessly produce more and more ideas to narrows down the possibilities whilst analysing and producing regular updates when I see the need to do so. Fractal patterns are so very similar to each other that corrective patterns can not only be very deceiving but there are also other factors like strength in the market and potential expanded corrections. Using the AriasWave methodology I will be consistently improving my ideas and targets but will also try to protect against potential losses by indicating levels that need to be broken before any actions should be taken or recommended.
More