Disclaimer: This is not financial advice, and I have never received training sufficient to give financial advice. For me, this is a hobby. This is my second published idea.
Foreword I do not currently own any BTC as I've taken a significant Long position with LTC. A similar breakdown for LTCUSDT is linked below. Comments welcomed.
Hindsight TA Uptrend wave 1-2-3-4-5 lengths (approximations): W1 = 3144 W2 = 1990 (.618 x W1) W3 = 4920 (1.56 x W1, possible failure) W1-3 = 6074 W4 = 2500 (.5 x W3) W5 = 14490 (4.6 x W1 or 2.38 x W1-3)*
*These multipliers appear to be atypical for W5.
Downtrend wave A-B-C lengths (approximations): WA = 10660 WB = 3787 (.38 x WA) WC = 7262 (.681 x WA)
Foresight I have not done any predictive analysis since I do not currently own any BTC. If I am to conjecture, then W1 of the new cycle could target 15k before retracement. The necessary capital would likely come from sell-offs of the DJI, IXIC, and SPX index funds.
注文をキャンセル
Re-assessed. See below.
トレード稼働中
Wrapping up a wave 1 from Sept $47 low. Next targets indicated in chart.