AriasWave

AW Bitcoin Analysis - Knowing The Waves Gives You Confidence...

Short
BITSTAMP:BTCUSD   Bitcoin
The current internal count remains exclusive to members only until we break: 23,540.

So far everything looks set for a move down to 10,000.

Resistance\Stop 1: 25.272

Resistance\Stop 2: 25,016

Entry: At market or at Confirmation of 23,540

Price didn't have to come back this far up but the bullish momentum has carried through.

At small degree Wave 2 looks complete and I do not expect another high to occur.

Knowing the waves gives you confidence to take the trade.


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.***

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