AW Bitcoin Analysis - Wave 3 Short Trade Opportunity...
So, I am going out on a limb here and I believe this is a better shorting strategy than most people would suggest.
I would say, to be safe target $15,479.
Technically you could probably hold this longer, but you know that I like to be conservative sometimes.
If we break 22,234, that is aggressive entry number one. (Aside from trying to catch exact top.)
The safest entry possible is a break of 21,748.
Stop level is the last high at the time of entry.
If the trade fails, it's because you weren't being safe enough.
If you have the knowledge, you know what to do.
In this idea I am using the same length as Wave 3 of Wave (C) of Wave 5 of Wave E of this Wave 2 to measure the last move up for Wave 5 of Wave (C).
Sorry if that sounds confusing.
My members will get it ;)
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 would say, to be safe target $15,479.
Technically you could probably hold this longer, but you know that I like to be conservative sometimes.
If we break 22,234, that is aggressive entry number one. (Aside from trying to catch exact top.)
The safest entry possible is a break of 21,748.
Stop level is the last high at the time of entry.
If the trade fails, it's because you weren't being safe enough.
If you have the knowledge, you know what to do.
In this idea I am using the same length as Wave 3 of Wave (C) of Wave 5 of Wave E of this Wave 2 to measure the last move up for Wave 5 of Wave (C).
Sorry if that sounds confusing.
My members will get it ;)
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.***
