Thanks for viewing.
There are reasons to expect a bounce a bit bigger than the impressive (but relatively small) bounce so far.
The biggest reason is that the retracement of the dramatic decline since mid-November has been rather insignificant.
Also, the volume is back - people are starting to get interested again,
The red box represents where I will be exiting (my recently bought altcoin holdings in XRP, ADA, and ETH) in the hopes of re-buying significantly lower (the end of the move is based on my Elliot Wave count - we should stop at or around $3900. I then charted a 0.618 retracement before the larger degree wave 3 starts. Highly tentative target of $5400+ if everything pans out (for a 0.5 fib retracement of the price decline - which could be way more or way less).
Protect those funds and good luck.
There are reasons to expect a bounce a bit bigger than the impressive (but relatively small) bounce so far.
The biggest reason is that the retracement of the dramatic decline since mid-November has been rather insignificant.
Also, the volume is back - people are starting to get interested again,
The red box represents where I will be exiting (my recently bought altcoin holdings in XRP, ADA, and ETH) in the hopes of re-buying significantly lower (the end of the move is based on my Elliot Wave count - we should stop at or around $3900. I then charted a 0.618 retracement before the larger degree wave 3 starts. Highly tentative target of $5400+ if everything pans out (for a 0.5 fib retracement of the price decline - which could be way more or way less).
Protect those funds and good luck.
Nota
Trade fechado: objetivo atingido
$5400+ reached
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.