I've seen some analysis comparing this recent sell off to the ones previous. The problem I see with this is that it does not take into consideration the cycle. According to Elliot Wave, this matches a perfect 5 wave cycle and this means the entire thing must retrace.
If this is the case, the .618 target is $8000-9000
I have also drawn a channel, with the break from 8K up possibly being seen as an upthrust, with the potential for a low on the bottom of the channel.
Possible low by the beginning of February. Also keep in mind that the candle for the Low will most likely close at my target level. But the actual low may be a wick that quickly touches the .764 during the complete fear stage before quickly bought up. During that time, it will wreck your nerves if you buy at 8K, and it slips to 5k for one day before quickly coming back up.
If this is the case, the .618 target is $8000-9000
I have also drawn a channel, with the break from 8K up possibly being seen as an upthrust, with the potential for a low on the bottom of the channel.
Possible low by the beginning of February. Also keep in mind that the candle for the Low will most likely close at my target level. But the actual low may be a wick that quickly touches the .764 during the complete fear stage before quickly bought up. During that time, it will wreck your nerves if you buy at 8K, and it slips to 5k for one day before quickly coming back up.
交易結束：目標達成
免責聲明
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。
免責聲明
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。