Too many longs. It will retrace because just finished 3rd impulse wave. 55k is near 0.618 retracement level according to my calculations. TP1 would be at 61k if it does not break down but I believe it would test 55k then go 80k.
R/R: 3.50 TP1: 62700 Target: 56k Stop loss: Above 70.900 Wave calculations (161.80) tells it should reverse down here and start corrective wave 4. It did the same correction as can be seen on my chart on Feb 23.
My current setup. I get liquidated at 2.58. Lost all portfolio by the way.
%100 increase from last swing high. Must go down for retracement but it is crazy coin because of staking.
Ulaşabileceği en yüksek fib seviyesine ulaştı. En yüksek fib seviyesinden kastım, bu hesaplama (8.65 seviyesinden reversal) , wickleri dahil ederek ve standart olarak hesaplanması gereken swing low yerine bu swing low'dan bir önceki swing low (ara düzeltmenin swing low seviyesi) kullanılarak yapılan fib hesaplamasının sonucudur. TRY çok olumsuz haberlere rağmen...
EW analysis. It will work because market needs correction and then it needs to bounce around 50-55k. Even going to 45-50k and bouncing from there would be bullish.
It will go down from here or maybe test 65k or 67k even can be seen before going down. 55k first as corrective wave 4 then 78K according to fib relations with EW. Comment: My own idea, NFA.
Trend reversed till 55-56K. %50 Fib retracement level. Risk reward: 3
This is my new short setup, had to exit from last setup because price action seemed like it could go up more at that moment. We had a bounce from 50 MA but on 4h but I do not think this correction is done yet. Because, we need to go at least 52K to achieve 0.618 level. Then, we can complete second wave and start third wave upwards. With just 0.786 bounce and up...
Risk reward: 3 Breakout trade S/L below 154 Strong buying after accumulation
My current trade setup. Fib calculations tell me it can go to 51500 and lower for correction from here but I will use this other fib level which happens to be at last resistance.
This is also called BART pattern. Will go down. Surely.
Red line indicates down scenario, and white wave count indicates new ATH bull run starting. If we get to 59k before correction, (like last dump) levels will change a little but idea will stay somewhat same.
Retest of the green line is expected. After that, final target for long would be RED line.
Shib retraced %50 and finished wave 1 as of now. It bounced perfectly and if it holds here it means it is very possible we can see wave 3 which will take us higher to a new ATH.
I did EW calculations. Both on bigger scale and smaller TF it gives same result. We had B wave but I really think we still have not bottomed yet. C wave should end at at least 0.5 or 0.618 fib level of A wave. If SPX500 index stays same or pumps, yes we will not dump but we will not pump either. After consolidation I think price will see 38k or 34ks. And if that...
If we do not hold here we should go down to 38k. If we do not hold here, it means we rejected and started wave C on bigger scale. (down from 51k.)
Trade setup, stop loss should be tight. SP500 could stop downtrending here