So far the bounce off of what I had previously marked wave-c has been very weak and given no confirmation that wave-c is completed. That means wave-c is likely going to take longer and go lower. The later time target for wave-c is around the middle of June and it will probably go as low 30k-22k. This will likely be accompanied by a global macro correction as interest rates increase and the bond market continues its collapse.
After this capitulation wave I suspect we'll see a quick recovery back to around the previous all time highs.
After this capitulation wave I suspect we'll see a quick recovery back to around the previous all time highs.
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Taking profit on shorts here is probably a good idea, it's only dropped about $1000 from where I posted this chart but this stinks of a bear trap.I'm not eliminating this possibility but it does seem bullish here, especially TRX which seems extremely bullish on USDD fundamentals as well as on the TRXBTC charts
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Hit my time target dead on and very close to the lower price target.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.