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...