Whatsup guys, now we are experiencing the correction of ETH. Hope you all sold out at the Bitcoin ATH. There is a potential for ETH to bounce to 0.618-0.66 fibonacci retracement of week-long correction wave. If we label the current wave as A, we will have a bounce back to about 3750, which is wave B, and then wave C dump to about 2300 that is the best time to go...
The rising Wedge is the fuse for mid-term dumping every time. I think now the NAS100USD is completing such a pattern. Be sure to care about the potential risk if you still wanna go bullish in the mid-term. DYOR, not financial advice.
Now we have started the correction waves. Buy dip cuz the market is still bullish. This is only for de-leverage the market.
Bullish Flag + Rising Channel Pump, have potential to go to .11
Ada now completing a triangle as a way to start wave 3. The possible retracement point is 0.382, where I labeled point D and wave 2 on the chart. DYOR
QQQ weekly chart now has an intention to complete wave 5 and then have an a-b-c correction wave. The large weekly chart pattern is a rising wedge and it has the potential to make a head and shoulder pattern with a bullish trape (if wave a is long enough to reach the neck price line). Ideally the first half of 2024 would be in a downturn, let's short and get rich!
wave 2 with falling channel now, wave 3 possibly hitting 350+ DYOR, not financial advice
Wave 4 is not done yet and wave 5 is approx. over 52000.
If Winter comes, can Spirng be far BEHIND? SSE has endured a long time of disappointment. However, with the chart pattern - triangle, there is a large possibility that SSE will begin a bull market in the middle or end of 2023. The target is really high and personally I recommend to show hand on this.
Now it is bearish wave 2. All in Short and get rich.
Now it's point E in the downwarding wedge. up up up
000001 is now in a weekly symmetric triangle and is gonna boom up. The channel is a bottom sign and well if the Chinese stock market is not controlled by the government, I think we can buy the ETF or any single stock we like.
It is likely to build this structure, which also starts the weekly bounce. So do not short anymore but try long at the previous bottom range.
double bottom 1.7k what to expect next wave 4 bouncing to 2.5k?
Two important prices are 12000 and 10600. There should be a wave four - a little upward trend and then dump way to the bottom. Would the bottom be near 12000 and a needle down to 10600? This is what I guess lol.
12-16k bottom The market needs time to build it We're at the wave 3 now