BTC to $53800....or worse
Very rudimentary wave analysis done a few weeks ago has been pretty accurate.... BTC -5.25% has moved below long-term support line (on log scale), so turnaround much less likely now. BTC -5.25% also close to making a death cross, which hasn't happened in years and came before several months of decline / sideways movement. First target is $5800-6500. Second target $5000-5200. If price doesn't start to reverse at those levels (or by mid-April), I'm looking for $2900-3200 and may start buying back in starting at $4750 in increasing increments every $250 down. For now, holding cash and using 3-5x leverage on Bitmex. About 30% ROE in past 5 days
Note
Title wrong....target is $5800
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.