AW Bitcoin Analysis - Complete 5-Wave Move in All It's Glory...
Wave E in this case is the ultimate fake out wave given its size relative to the previous corrective patterns.
Being so close to the start of Wave 1 makes this correction fairly deep.
Even after you get a 5-Wave move you need to see a correction before it moves even higher.
However, if it is the wave that comes at the end of a correction then the opposite is true.
It's all about perspective, after all the markets ever make 2 patterns; 5-Wave Moves and Zig-Zags.
It's the combination of these patterns and all their variances which make up the AriasWave set of corrective wave components.
Fractally speaking they are happening at all degrees of trend all the time.
Sometimes the pattern is so big that you cannot even see what it is a part of.
Waves are an amazing part of nature and a joy to observe.
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.***
Being so close to the start of Wave 1 makes this correction fairly deep.
Even after you get a 5-Wave move you need to see a correction before it moves even higher.
However, if it is the wave that comes at the end of a correction then the opposite is true.
It's all about perspective, after all the markets ever make 2 patterns; 5-Wave Moves and Zig-Zags.
It's the combination of these patterns and all their variances which make up the AriasWave set of corrective wave components.
Fractally speaking they are happening at all degrees of trend all the time.
Sometimes the pattern is so big that you cannot even see what it is a part of.
Waves are an amazing part of nature and a joy to observe.
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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