AW Bitcoin Analysis - Confused? Watch out for this...
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 consider a short position after waiting for corrective waves.
The reason I would wait for corrective waves if it did break support is because this would only be 1 piece of evidence.
Stay tuned!
See all related ideas down 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 research 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.***
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 consider a short position after waiting for corrective waves.
The reason I would wait for corrective waves if it did break support is because this would only be 1 piece of evidence.
Stay tuned!
See all related ideas down 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 research 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.***
