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Bitcoin (Cryptocurrency)

BITCOIN - Long Trade Video - My Reasoning on Small\Large Degree.In this video, I outline the recent shifts in my perspective over the past few days and the reasons behind them. To make reasoned decisions within the context of AriasWave, I needed to identify a point of failure, which I accomplished within the last 24 hours. When it comes to trading, errors can result in being stopped out, but I've had several successful trades prior to this setback, so it's not overly concerning. The positive aspect is that we now have a new objective: aiming for the highs. It's crucial to recognize when one's perspective is incorrect and adapt accordingly, or else risk further losses. In this instance, the change in price action has influenced my viewpoint, as it should. The support level remains at $42,224, with a current target set at $48,000, though this may potentially increase. We'll observe how the situation unfolds.
Long
by AriasWave
2
SOL vs BTC : Where Have I Seen this FRACTAL 🤔📉Hi Traders, Investors and Speculators of Charts📈 Looking at the Solana chart today, something struck me as familiar - but I couldn't place my finger on it. A pattern... where did I see this before? If you stare at charts about as much as I do, sometimes you start to see trends and correlations between charts. We call these - FRACTALS. These are a great tool to use when scouting for patterns. You can use a fractal in many ways, but I mainly gauge it against what happens next after the fractal on the origin chart. We're doing the same thing today between SOL and BTC - using an old Bitcoin fractal to predict the potential next move for Solana. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:BTCUSDT BINANCE:SOLUSDT
Short
by Crypto-Check-
2
BITCOIN - Short Idea Update - Looking For A Move Lower...Up to this point, I've observed various indicators signaling an imminent downward movement. The sluggish progression is attributed to consistently low trading volumes on most weekends. Despite the gradual unfolding, I want to share my perspective on the current situation. After capitalizing on profits from the corrective bounce, I am now anticipating a breach of the $41,620 lows. Such a breach would validate the conclusion that Wave E concluded at its peak, prompting us to prepare for an eventual downturn. However, this downturn may not occur immediately. My purpose in providing regular updates is not to invalidate the view just because a bounce occurred but rather to underscore the importance of comprehending market waves, particularly in a corrective range scenario. This understanding can prove valuable in building capital during corrective phases. Target: $41,620 with a stop at $43,745 or more aggressively at $43,490, depending on your understanding and confidence in the wave count. A break of $42,542 should make the latter more meaningful.
Short
by AriasWave
"Your Ticket to the Future of Digital Currency!" - $SHIBShiba Inu Coin: Chart Analysis Indicates Potential for Uptrend Amidst Double Bottom Cup Formation In the ever-evolving landscape of cryptocurrency, traders and investors are always on the lookout for patterns and signals that could indicate future price movements. One such pattern that has emerged on the chart of Shiba Inu Coin (SHIB) is the intriguing double bottom cup formation, signaling a potential upward movement in market direction. Understanding the Double Bottom Cup Formation The double bottom cup formation is a technical chart pattern characterized by two distinct troughs, or "bottoms," that form at approximately the same price level. These bottoms are separated by a peak, forming a pattern resembling a cup. The formation is completed when the price rises above the peak, indicating a potential trend reversal from bearish to bullish. In the case of Shiba Inu Coin, recent price action has formed a clear double bottom cup pattern, suggesting that the cryptocurrency may be poised for a bullish breakout. Multi-Year Resistance Turning into Support One notable aspect of the current chart setup for Shiba Inu Coin is the presence of multi-year resistance, which could potentially serve as major support for an uptrend. As the price approaches this significant level, traders are closely watching to see if historical resistance will indeed turn into support, providing a strong foundation for further upward momentum. The Compression of the Handle Another key element of the double bottom cup formation is the formation of a "handle" following the breakout above the peak. This handle typically represents a period of consolidation or retracement before the price resumes its upward trajectory. In the case of Shiba Inu Coin, the handle is forming right at the level of the multi-year resistance, adding to the significance of this price zone. The compression of the handle suggests that market participants are actively engaged in price discovery, with buyers and sellers vying for control. This tightening range often precedes a decisive move, which traders anticipate will be to the upside given the bullish implications of the double bottom cup formation. Conclusion: Anticipating a Bullish Breakout In conclusion, the chart analysis of Shiba Inu Coin reveals a compelling setup with the formation of a double bottom cup pattern. The convergence of factors, including multi-year resistance potentially turning into support and the compression of the handle, suggests that the cryptocurrency may be on the verge of a bullish breakout. However, it's essential to exercise caution and perform thorough risk management, as cryptocurrency markets can be highly volatile and unpredictable. Traders and investors should monitor price action closely and wait for confirmation of the breakout before making any trading decisions. As always, it's advisable to conduct additional research and consult with a financial advisor before making any investment decisions. With careful analysis and prudent risk management, traders can navigate the opportunities presented by the evolving market dynamics of Shiba Inu Coin.
COINBASE:SHIBUSDLong
by UnknownUnicorn2319099
BITCOIN - Short Trade Update - Choppy For A Reason...Whether you accept it or not, there is invariably a prevailing trend. Amid these turning points, a considerable amount of perplexity arises, contributing to the formation of these distinctive patterns. AriasWave possesses the expertise to decipher these patterns, while adherents of Elliott Wave theory may only recognize ABC patterns. In contrast, I assert that corrections can only manifest in a series of 5 waves. This conviction underlies my firm belief that the current juncture is a pivotal turning point. To demonstrate this understanding, I diligently provide daily updates on unfolding movements, even addressing instances where I may have been unaware due to residing in Australia and being asleep during certain market events. In my latest video, I delve into a comprehensive analysis of the current market scenario and elucidate the psychological aspects essential for success in trading.
Short
by AriasWave
6
BITCOIN - Short Idea Video - Head & Shoulders - Triple Top...We've breached the support level, signaling the end of the upward trend, and I delve into the various factors contributing to this shift in my latest video. I also discuss the reassigned labels for the Wave 2 count; in my perspective, a downward expansion indicates a weakening market. The attempt to rebound with two separate 5-Wave moves, interspersed by a zig-zag Wave D, suggests that the bears are gaining control. In times of crisis, there's potential for profit if you have a compelling reason to short, particularly during declines. Anticipating this move to coincide with a global recession, it presents a rare chance to purchase assets at more affordable prices. Rather than viewing it negatively, see it as an opportunity – embracing both the favorable and unfavorable aspects. A confirmation of Wave 3 downward will materialize with a break below $41,620.
Short
by AriasWave
🎓✨ FXProfessor's Insights: Bracing for the Fed's Pivotal Move 🎓✨Some of you were laughing last year when i posted this at BTC 18K: but I had done my analysis right. Both technical (breakout) and Fundamental (just read what i was saying about rates and how market is 6 months ahead!). In a similar manner i had explained why 45k is closer than most were thinking: (read it! understand it! learn from it!) 🎓✨ Now: 🙋‍♂️ Apologies for the brief hiatus - I've been deeply immersed in my latest AI token project. 🤖🌐 Though it's been taking up much of my time, I'm still keenly observing the crypto charts, especially Bitcoin. 📉💡 Last we spoke, we dove into Bitcoin's significant support levels, backed by Fibonacci analysis. 📈🧮 We saw an intriguing pattern: Bitcoin, after a dip, rebounded almost perfectly in line with our predictions. 🎯🔄 This critical support level, a focus since early last year, continues to be a key player. 🗝️💥 We watched Bitcoin approach this level, only to face rejection, nearly a year after we initially spotted it. 🛑⏳ Currently, Bitcoin's vital level is nestled between $47,800 and $49,300, with a more specific aim around $48,400. 🔍💲 Additionally, we've pinpointed a new support at $43,091. 🆕📉 Our foresight from last year proved accurate, as Bitcoin indeed rallied to this major resistance level and faced rejection. 🎉🎢 Our "sell the news or buy the breakout at 48" strategy hit the mark. 👍📈 When the anticipated ETF breakout didn't materialize, I shared my first short idea on Bitcoin in two years, timing it almost impeccably. ⏰🔽 As we chart this course, the upcoming Federal Reserve decisions are pivotal. 🏛️🔮 Despite a flood of articles and predictions, I'm staying laser-focused on the market's reactions. 💻🧐 With elections looming, we might see a more cautious approach from the Federal Reserve, which could significantly sway Bitcoin's path. 🗳️📉 Let's remain alert and see how these events play out. 🕵️‍♂️💬 If you've been riding the wave of my long-term analysis, I hope it keeps steering you right. 🌊🏄‍♂️ The market always has surprises up its sleeve, but with meticulous analysis and an eye on the fundamentals, we're well-equipped to navigate these thrilling times. 🌐🚀 One Love, The FXPROFESSOR 💙🎓
Long
by FX_Professor
4
BITCOIN - Long Trade Update - Video...In this video, I discuss recent long trade concepts for Bitcoin and provide a recap of the thought process that led to the decision-making for initiating these trades. Additionally, I delve into the strategies of securing profits and implementing scaling techniques. While learning fractal patterns may require dedication, they are not insurmountable. I also emphasize key traits exhibited by Wave E's, as they are pivotal in various markets over the medium term. As of now, the established support level stands at $43,082. See related ideas below.
Long
by AriasWave
1
Bitcoin - Small Long Trade In Preparation For The Big Short...In this video, I analyze the present Bitcoin price movements, indicating a potential upward shift beyond $45,000. To position myself for a short position in this market, I plan to engage in trading during the final corrective upward movement within the Wave 2 correction. The pattern at a smaller scale implies an impending upward movement, and I will utilize the starting point of this final wave as confirmation for an anticipated decline in the upcoming days. For more details on why I am choosing to short Bitcoin at the opportune moment, I've included a link to the video below. Wave E Support: $41,580
Long
by AriasWave
4
BTC - This is Why I Am Now Shorting Bitcoin...In this video, I delve into the considerations that led me to take a short position on Bitcoin at these specific levels. I want to clarify that I'm not advocating for others to follow suit in shorting Bitcoin; rather, I'm elucidating the rationale behind my decision. The video also touches upon the influence of the Dow Jones and Solana on this decision, and I present a slightly less optimistic perspective on BNB. While the medium-term outlook still anticipates all-time highs, the short-term signals suggest a potential impediment to the crypto market's performance due to a looming recession. Despite this, I posit that ongoing stimulus measures during such economic events act as catalysts for the subsequent upward movement. It seems imprudent to adopt a bullish stance before a correction has run its course, underscoring the fundamental principle behind the formation of AriasWave.
Short
by AriasWave
2
Will Bitcoin Tag 44k Before More Selling Ensues?Just wanted to give you all a quick summary of where I stand regarding the recent Bitcoin price movement. In short, I believe that Bitcoin could possibly still tag 44k before the sellers come back again to take us back down to 37-39k. This is where I start to make my re-entries once again, DCA'ing it as we fall. Plus, we'll start by looking at the DXY and SPY and I'll show you what is going on there and what that tells us about how crypto will move.
INDEX:BTCUSD
by stewdamus
TRILLION DOLLAR BITCOIN - No, It's Not Clickbait...To begin with, it's crucial to emphasize that this approach differs significantly from Elliott Wave analysis. Utilizing the AriasWave methodology involves years of observation and ongoing pattern analysis, making it distinct from conventional techniques. This video may seem out of the ordinary for this channel, as I've consistently held a contrarian view on Bitcoin since its inception. By conducting a comprehensive analysis across various cryptocurrencies and concentrating on those that exhibit unique characteristics, I've formulated certain assumptions that have the potential to challenge conventional thinking using straightforward logic. This reasoning is rooted in distinguishing between impulsive moves and corrections. When a correction expands by a remarkable 200 million percent, it signifies an unusual occurrence with implications that extend into various aspects of daily life. I don't believe we are immune to hyperinflation solely due to the existence of central banks. Instead, I perceive central banks as akin to an inebriated driver behind the wheel, with monetary policy as their preferred intoxicant. To illustrate, using the analogy of a central banker, it appears that when your only tool is a hammer, everything tends to resemble a nail. In response to every crisis, the singular tool employed is more Quantitative Easing (QE). While this type of inflation has been a persistent issue, much like the boiling frog analogy, the market seems to be reaching a critical point. I encourage you to assess the content for yourself, bearing in mind that every posted comment endures indefinitely. Your efforts on this channel will yield lasting results, so, as always, conduct thorough research and refrain from seeking confirmation of preexisting biases if that's your inclination.
BNC:BLX
by AriasWave