Hello, everyone!
I am still holding my local short which now is in small profit and has the stop loss at the entry. I am trying to catch the last wave 5 inside wave 1 higher degree.
Let's take a look at the chart. I told you earlier that the target for the current dump is $26000-$26300🔴. After that I expect any sort of bounce. This bounce in my opinion is gonna be the wave 2 of the global bearish wave. It has the target approximately at
29K, which is 0.61 Fibonacci retracement. Of cource this target now is undefined because wave 1 has not been ended.
After that I expect the rapid dump in May - historically the worst month for all risky assets. Target for the most impulsive wave 3 is even $FWB:21K😨. 1.61 Fibonacci extension perfectly corresponds to this number.
Best regards, Ivan
__________________________________________
👇Follow me now and never miss an update👇
I am still holding my local short which now is in small profit and has the stop loss at the entry. I am trying to catch the last wave 5 inside wave 1 higher degree.
Let's take a look at the chart. I told you earlier that the target for the current dump is $26000-$26300🔴. After that I expect any sort of bounce. This bounce in my opinion is gonna be the wave 2 of the global bearish wave. It has the target approximately at
29K, which is 0.61 Fibonacci retracement. Of cource this target now is undefined because wave 1 has not been ended. After that I expect the rapid dump in May - historically the worst month for all risky assets. Target for the most impulsive wave 3 is even $FWB:21K😨. 1.61 Fibonacci extension perfectly corresponds to this number.
Best regards, Ivan
__________________________________________
👇Follow me now and never miss an update👇
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Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
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.