Crash Target: New buy strategy after Plan B reached
We dipped under 6k, ALTs are beaten to a pulp.
Target B at 6k is a reasonable entry point that I think will be revisited regularly in the future if the market goes south and the longterm 5/5800 reversal target C is still a strong possibility with support at 5k but I've adjusted my strategy to buy the crash (XLM, BTC) and hit target D:
- Target D: Target is 4640 - 20% drop from 5800. 20% is a pretty typical crash move in BTC history (and now Facebook's ;) and whilst we have seen some fast decline I'm looking for a market shock to buy with expectation this could go even deeper followed by a strong bounce.
FYI, I've been researching historical market crashes (non-crypto). Playing with the idea of a long term target for market low at 2800 - expecting in late spring next year (but expecting a decent rally up to 9k over Christmas).
- Now: $6,0
- Then: $4,7
- A little later $8-9,0
- Then bottom: $2,8
- Then 3x 6k touches through late 2019
Wild ideas, Hard Forky.
Target B at 6k is a reasonable entry point that I think will be revisited regularly in the future if the market goes south and the longterm 5/5800 reversal target C is still a strong possibility with support at 5k but I've adjusted my strategy to buy the crash (XLM, BTC) and hit target D:
- Target D: Target is 4640 - 20% drop from 5800. 20% is a pretty typical crash move in BTC history (and now Facebook's ;) and whilst we have seen some fast decline I'm looking for a market shock to buy with expectation this could go even deeper followed by a strong bounce.
FYI, I've been researching historical market crashes (non-crypto). Playing with the idea of a long term target for market low at 2800 - expecting in late spring next year (but expecting a decent rally up to 9k over Christmas).
- Now: $6,0
- Then: $4,7
- A little later $8-9,0
- Then bottom: $2,8
- Then 3x 6k touches through late 2019
Wild ideas, Hard Forky.
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Publications connexes
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.