Nasdaq seems to be hitting its low lows, but is there a good way to guess the price point? The Nvidia chart may have the hint. Nvidia's 0.786 has yet to form. Nvidia has an enormous influence on the Nasdaq. Nvidia hasn't reached 0.786 of its local wave 3, whereas Nasdaq has already gone well beyond. If Nvidia were to reach 0.786 at price point 106, it may cause...
Whether it's wave b, x, or the start of the new impulse wave 1, there's a good chance that Bitcoin is preparing for a new upward departure. If the price falls below local levels (65300, 64600, 63800), there is a higher chance of bouncing back rather than continuing the correction.
If Bitcoin were to bounce back currently, - Positive divergence - 0.382 of the impulse starting from 53.3 - 0.618 of y - Flat - Enormous volume profile at 63.8 Stop loss: 63.6
Just finishing 3-2 correction and about to head off to hit 3-3, 3rd Impulse wave Summer 2024.
DCA x1: Fibonacci 0.5 DCA x2: Fibonacci 0.618 ~ Bottom of a long low tail between 0.618~0.886 Stop loss: When the 3-2 impulse is broken (-0.86%) Target price: $72,000 Reward/Risk: 6.92/1 It is probably the send lowest price point to enter a highly leveraged BTC long in the 1st half of 2024, following the low of the previous 3-2 move.
Target price: $5,100 Stop-loss price: $3,400 Risk-reward ratio: 6.59:1 After finishing the 3-2 correction, Ethereum is currently in the middle of a mini 2nd wave correction. 1. 3-3 Impulse will be a substantial increase, proceeding for $5,100 3-3 Impulse target. 2. It experienced a semi-excessive Fibonacci retracement to its first wave of 0.5. 3. The...
Strategy 1. DCA Long at 0.5 and 0.618 each Strategy 2. Wait -> 1) Follow-through buying 2) High-leveraged long at 0.618