AW Bitcoin Analysis - IS SHTF For Bitcoin? Old Count Modified...
The truth is that my old count modified For Blue Wave 4 makes a lot of sense when looked at this way.
Why?
Because if I was counting this move up as a Weak 5-Wave move, the problem is that Waves 4, 2 and 1 are not overlapping.
Therefore, it cannot really be classified as an official Weak 5-Wave move. Duh!
But also, look what happens when I run a trend-line from the previous 2 Wave 4's...
Price has been interacting with this particular trend-line recently which might help explain the price action at the lows right now.
Something about the crazy insane mania I have seen lately piqued my curiosity and I just had to try out this combination of analysis.
It seems plausible therefore I will head in this direction because it makes sense to do so.
I have also been making progress with the move down since all-time-highs which might help explain what we are seeing now.
Could the SHTF for the original crypto afterall?
Could we really be in Wave 2 of a larger unfolding trend right now?
I will do my best to answer these questions very soon.
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 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.***
Why?
Because if I was counting this move up as a Weak 5-Wave move, the problem is that Waves 4, 2 and 1 are not overlapping.
Therefore, it cannot really be classified as an official Weak 5-Wave move. Duh!
But also, look what happens when I run a trend-line from the previous 2 Wave 4's...
Price has been interacting with this particular trend-line recently which might help explain the price action at the lows right now.
Something about the crazy insane mania I have seen lately piqued my curiosity and I just had to try out this combination of analysis.
It seems plausible therefore I will head in this direction because it makes sense to do so.
I have also been making progress with the move down since all-time-highs which might help explain what we are seeing now.
Could the SHTF for the original crypto afterall?
Could we really be in Wave 2 of a larger unfolding trend right now?
I will do my best to answer these questions very soon.
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 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.***
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