It seems I've been misled once more by an unusual Wave E pattern. It appears that we're aiming for the upper limit once more to finalize the upward movement since the recent lows. The support for the end of wave ii of Wave 5 seems to be at $47,061.
I think exercising patience is crucial with this pattern. I've opted to temporarily withdraw my short position because it seems like a weak 5-Wave movement is unfolding, necessitating additional time to mature. I prioritize safety over risking a rebound upward since it doesn't conform to a straightforward 5-Wave pattern, thereby lacking proper resistance or stop levels.
A breach of $47,047 low could signal the start of a downward movement for Wave (A) within Wave B. The stop would shift to the conclusion of the minor rebound, approximately around $47,247, contingent on when Wave E concludes. At this juncture, my inclination would be to aim for the support area around $43,883. However, the outcome hinges on the development of...
I'm not pleased with the price movements across various cryptocurrency markets, so I've decided to exit this trade. I'm considering this a zig-zag pattern for now and opting for a cautious approach.
This brief video about one of my current trades is predicated on the notion that we're currently in a Wave (B) within a Wave D, anticipating a substantial Wave E correction to the downside. My stop level stands at 39.50 currently, with an expectation of a descent to at least 37.67. However, I'm inclined to think it could potentially decline even further, as...
A thorough examination of previous waves indicates that we're currently in Wave iii of Wave 5. Following a bullish breakout beyond the previously mentioned levels, the $42,656 support held well, serving as an effective stop level for risk management. For those who remained patient and overlooked the volatility at the lows, their perseverance is now yielding...
In this video I go through the larger pattern and give you my thoughts on the smaller degree trade that we are currently following and making good gains on. However this is just the beginning of many known moves to come which are part of a repeating serious of fractal patterns which AriasWave is based upon. This is the reason we are in such a wonderful trade,...
With a revised wave count, the patterns established overnight indicate a preference for an upward movement. According to this count, support is identified at $42,656. If this count holds true, we've likely already validated an upward movement, yet surpassing $43,571 would further bolster confidence. Anticipate an imminent upward breakout. Initial target set...
As noted in my previous video, deciphering this count has proven challenging. Therefore, based on my latest bullish analysis, I'd like to present a bearish perspective. However, it's crucial to acknowledge that these viewpoints heavily rely on whether a low or high is breached. As of my posting, we've retraced to .618 in a somewhat choppy and feeble manner. Take...
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...
Based on my revised analysis, it appears that we are currently in Wave (C) of the presumed zig-zag pattern. A minimum expectation is for prices to reach the $48,000 range. To validate this projection, we need to observe a breakthrough at the $43,565 level. If this count proves accurate, it suggests a larger zig-zag pattern than initially anticipated, with a...
Because of discrepancies in the recent price movement compared to my initial pattern assessment, I've formulated a bullish trading proposal indicating that we might be experiencing a Wave B rebound within a zig-zag pattern. Should the support at $42,224 persist, there's a possibility of prices rebounding beyond $44,000, with a target set at a minimum of $44,500.
Considering the recent price movements, I suggest that Wave 3 downward is on the verge of commencing. My current analysis indicates the formation of a 1-2 i-ii pattern, signaling an imminent reversal. To confirm this reversal, three key levels must be breached: $42,229, $41,890, and $41,620. In the event that Wave 3 initiates, I am unable to provide a target at...
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...
As noted in the previous update, it's probable that we'll witness an upward retracement for the corrective phase of Wave D in this zig-zag pattern. Presently, we've experienced a substantial pullback, prompting the initiation of a short trade position towards the lower levels. This move is anticipated to breach the support, confirming the culmination of a peak...
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...
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...
A breach below the $43,082 support level could indicate the completion of Wave E and possibly the conclusion of Wave 2. The peak occurred at $43,882, representing a distinct rejection of the 50% retracement. To confirm this scenario, watch for a breach of $41,620 or the initiation of Wave E.