Hi everyone.
The crypto market declined this week. but, not very much. On thursday, I suggested that there are two scenarios.
Russia-Ukraine Tensions:
Personally: What are the chances the Russians will ""actually"" attack the Ukraine?
Answer: Zero (Fake news- War News- Too important to ignore).
Scenario No. 1
All needed information is now available (at least for trading purposes)
1- Bull flag pattern,
2- Wave 2 = 0.5 length of Wave 1
3- Wave 3 = 1.62 length of Wave 1
4- Wave 4 = Zigzag
5- Wave 5 = 1.62 length of Wave 1
6- Target= $ 50000
7- Invalidation level (stop loss) = $ 39300- $ 39500
The crypto market declined this week. but, not very much. On thursday, I suggested that there are two scenarios.
Russia-Ukraine Tensions:
Personally: What are the chances the Russians will ""actually"" attack the Ukraine?
Answer: Zero (Fake news- War News- Too important to ignore).
Scenario No. 1
All needed information is now available (at least for trading purposes)
1- Bull flag pattern,
2- Wave 2 = 0.5 length of Wave 1
3- Wave 3 = 1.62 length of Wave 1
4- Wave 4 = Zigzag
5- Wave 5 = 1.62 length of Wave 1
6- Target= $ 50000
7- Invalidation level (stop loss) = $ 39300- $ 39500
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.