A laborious proof:
Motive Waves (If my analysis is correct ...):
Wave X (blue): The rise from 2020 to 2021 was wave X (keep it simple!).
Corrective Waves (Expanded Flat):
Wave A (black): (Apr-Jun) 2021 was a "A" wave (Wave A = 61.8% of Wave X).
Wave B (green): Wave B terminates about at the level of the beginning of wave A (Wave B = 123.6% of Wave A).
Wave C (purple): Wave C = 123.6% of Wave B.
Wave XX (Orange) , What might this be?
No one really knows but Wave XX does not yet look complete!
Why?
Each (corrective) wave relates to the previous wave by 50% or (61.8%, 76.4% or 85.4%) (if you see what I mean!)
So
Fib 0.5 would be a reasonable target! (Target = $ 42000)
We'll see!
Details:
Motive Waves (If my analysis is correct ...):
Wave X (blue): The rise from 2020 to 2021 was wave X (keep it simple!).
Corrective Waves (Expanded Flat):
Wave A (black): (Apr-Jun) 2021 was a "A" wave (Wave A = 61.8% of Wave X).
Wave B (green): Wave B terminates about at the level of the beginning of wave A (Wave B = 123.6% of Wave A).
Wave C (purple): Wave C = 123.6% of Wave B.
Wave XX (Orange) , What might this be?
No one really knows but Wave XX does not yet look complete!
Why?
Each (corrective) wave relates to the previous wave by 50% or (61.8%, 76.4% or 85.4%) (if you see what I mean!)
So
Fib 0.5 would be a reasonable target! (Target = $ 42000)
We'll see!
Details:
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2017-2019
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2019-2020
Trade active
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Comment:
Certainly it's a bull market.
1- What can happen (& how fast it can happen) !?
2- what can we do?
3- (a very basic question) what should we do?
1- What can happen (& how fast it can happen) !?
2- what can we do?
3- (a very basic question) what should we do?
Comment:
Losing money is a choice
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Trade closed: target reached:
