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
Operación cerrada: objetivo alcanzado
$5400+ reached
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.