It seems that correction has started. I have liquidated all my BTC holdings and will watch the market without any BTC in hands.
Target 1 is first place to buy BTC . Once the price reaches target 1, we are likely to see some moves in short term. Will it continue? - That remains to be seen.
Once the price breaks Target 1, it is likely to reach target 2 and 3 as well. Once it reaches target 3, the market is likely to move in sideways between range of target 2 and 3.
Once it breaks out the target 2, it may be safe to assume that market will be going for the long run.
- Market has risen and shown Elliot's waves.
- Market has entered a correction phase
- Correction will occur in A-B-C according to Elliot's wave theory.
- and target levels match
A - 7900
B - 9400
C - 5000
100,000 USD at hand
Buy 25,000 USD worth of BTC at 7000
Buy 25,000 USD worth of BTC at 5800
Buy 25,000 USD worth of BTC at 4900
Buy 25,000 USD worth of BTC at 3000
Sell 25,000 USD worth of BTC at 11500
Hold rest of the if the market breaks 11500