BTCUSD: Hindsight and Foresight
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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.
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.
Pesanan dibatalkan
Re-assessed. See below.
Dagangan aktif
Wrapping up a wave 1 from Sept $47 low. Next targets indicated in chart.
Nota
Clearly updated wrong idea.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.