BITCOIN - Price Action Update... Looking For An Entry Point...
2024-11-07

In this video, I analyze Bitcoin’s price pattern since 2022 and aim to develop a perspective that could help us trade it higher.

Using a process of elimination, I identify what appears to be the precise wave count, allowing me to project a potential target for the current movement.

This approach is beneficial because markets rarely move in a straight line; if there’s an opportunity for two significant trades, being aware of that possibility can help us avoid premature moves.

If I observe the smaller wave structures aligning with this analysis, I’ll share a long trade idea, complete with a 15-minute chart and a follow-up video explaining my thought process through the AriasWave methodology.

As a reminder, while AriasWave differs from Elliott Wave, it still incorporates the concept of alternation from Elliott Wave theory.