๐ ๐๐ค๐ฃ๐ ๐ฉ๐๐ง๐ข The weekly R5 pivot target is bold at $1500 but definitely possible as a max greed scenario when the triple tailwind of Bitcoin, SPY and Bitcoin treasury companies trends return.
๐ ๐๐๐ค๐ง๐ฉ ๐ฉ๐๐ง๐ข retracement is expected to end around the S1 pivot at $341 and a secondary target of $321.
Irans conflict has investors shaken and not willing to hold assets over the weekend on the fear of worse. However, if the conflict is resolved soon investors could have a great buying opportunity.
๐๐๐๐๐ฃ๐๐๐๐ก ๐ผ๐ฃ๐๐ก๐ฎ๐จ๐๐จ
Price appears to have completed wave (B) of an ABC correction in wave 4. Wave C is underway with an expected thrust down (such is the nature of wave C) towards the daily S1 pivot $341. This is also the 0.382 Fibonacci retracement, a high probability area for wave 4 to end. A deeper correction will bring up a triple shield of the High Volume Node, ascending daily 200EMA and 0.5 fibonacci retracement at ยฃ321.
Daily DEMA has death crossed.
Safe trading
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
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MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
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.
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
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.