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.
註釋
交易結束：目標達成
$5400+ reached
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。