This is a type of corrective formation that has been in back testing for sharp corrections. When I created the AriasWave methodology I got a large percentage of the information right but I always knew there was more. Here I take you through one of the many times I have seen this pattern and the second time officially presenting it on this channel. The other...
In this video I give you my updated view in order to help us prepare for what comes next. I go through what I have been seeing in the last 48 hours within the price action. Every single wave has an explanation but only if it properly identified with, I get wrong quite often. I don't care about being wrong because I have an opportunity to understand where I went...
Use this stop level only if it holds at time of entry. Alternatively move the stop wherever the low ends up. Trade parameters: ENTRY: 23,643 STOP: 23,523 TARGET: 25,289 Original idea linked below. 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...
Light bulb moment, I think Wave 5 still needs to happen and may be about to start. This might explain all the 1-2 subdivisions at the lows. Trade parameters: ENTRY: 23,639 STOP: 23,430 TARGET: 25,289 RISK REWARD RATIO: 7.6 Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term...
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...
This trade has just been triggered so holding the position until we see the full 5 Waves up is important. As we have no target yet we will just have to keep track of the waves as they print a a 5-Wave move. You may see a bit of a tea cup pattern unfold before it continues higher. The original idea linked below. STOP LEVEL: 23,111 Remember to use ...
Price may be getting ready for a move higher assuming this count is correct. Once we see price exceed 23,210 we should start to see the start of wave 3 of Wave (A). Once the entry is hit, use the last low as a stop level. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern ...
Have you ever traded a sharp correction? This could be about to go parabolic in Wave E. To understand this, you need to understand that waves happen is a certain order and if certain conditions are met, they can extend higher quite quickly. Assuming we don't break the mini low of around 23,152 on the Binance chart a move about the last high of about 23,250...
If Blue Wave 1 happens to be a Weak 5-Wave move in it's entirety then it's possible this next move could be a third-of-a-third wave rather than another zig-zag. The reason is because the internal subdivisions of Blue Wave 1 could itself be a weak 5-Wave move. Also, the recent correction never really pulled back up that far there for negating the strength...
This updated chart is based on the video idea posted below in related ideas. The entire crypto market is teetering on the edge of collapse. We have seen all the warning signs in the media, all the FOMO and institution investments. The collapses of various crypto projects and companies, the fraud, the fake attempts at regulation and rampant speculation has led...
CORRECTION: I meant to say that this is an ENDING DIAGONAL in BITCOIN 2015 - 2021. It can't be a LEADING DIAGONAL at the end of a trend. In this video I reflect on how much the waves are telling us, but we simply ignore them. Every single day I learn something new from the waves, whilst others merely have dollar signs in their eyes. If you are aren't constantly...
This idea is the culmination of the last two idea and basically infers that Wave 1 down may start off looking like this. I am noticing corrections that are small in nature at different points of this move down. A head and shoulders pattern that will complete a move down for Wave v of Wave 1. Trade Parameters: ENTRY: 22,973 STOP: 23,219 TARGET: 21,997 ...
As I continue my coverage of the current price action for Bitcoin I will now give another view. These waves are so choppy that it is difficult to say for sure without proper clarity. Trading in sections is just another one of my trading strategies because it helps keep me engaged in the price action. This is also helps me remain in certain positions that have...
No that we have confirmed the end of Wave E, this is where the fun begins. It will take some patience as we watch this complex Wave 1 unfold. Don't be surprised if price goes back into the range as part of Wave ii. Price action will produce a lot of zig-zags so you may want to take advantage of those trades during this time if you know how. I expect this...
With support broken there is no more upside. I also believe that the downside will be much worse than originally anticipated. Once I see price a bit lower, I will post a full update with new counts. The redline for wave 2's are the perceived resistance levels at this stage. Remember to use Disciplined Money Management Principles to ensure longevity as a...
Been looking over these waves and have formulated a few different views. Here I start to use some logical approaches to determine what is going on. I believe price is too low for this to be any meaningful bottom. I've been getting used to seeing patterns unfold in a particular way. I am currently not yet seeing any evidence of this yet. For now going to keep...
Small degree price action now points to a move higher from these levels. On the 15-minute chart, price is leaning right against the 1000 period moving average which is good support. Here we can assume that this is a small degree Wave 1 and Wave 2 is possibly complete. Confirmation comes at a break of 24,133. The stop level will remain in place if no new low is...
It appears as though the move down that occurred yesterday that gave me idea to produce the long trade idea needs one more mini low. I believe that when price tags 23,613 there will be a reaction. Let's call it the BUY ZONE between that level and critical support at 23,347. Obviously if it breaks support that would be bearish, but then and only then would I...