This sell off may appear brutal, but relative to the length of the third, it's not even met the 50%. Typically, the A of a triangle will be sharp and if this analysis is proven correct in time, we should continue sideways for a few months until a breakout of this range and continuation of trend. Therefore, Haven seems to be a pretty good buy at these levels. Of course, price action & accompanying news should appear horrific, so as to ensure that only those with steel gonads take buying action.
Target price = $300 (+/-) a few bucks.
Target time = Jan 2022 (+/-) a week or two
See related BTC analysis. Bitcoin must lead the way. If that doesn't happen, I can say with a high degree of certainty that this doesn't happen
Note: This analysis should have zero impact on your own decision to buy or sell. My own expectation is this is 100% incorrect and will age badly.
Target price = $300 (+/-) a few bucks.
Target time = Jan 2022 (+/-) a week or two
See related BTC analysis. Bitcoin must lead the way. If that doesn't happen, I can say with a high degree of certainty that this doesn't happen
Note: This analysis should have zero impact on your own decision to buy or sell. My own expectation is this is 100% incorrect and will age badly.
Kommentera:
Was not a triangle, instead it is quite literally the perfect running flat correction 5-3-5 with an exact 1-1 extension. The count has changed for me, it's more bullish than first anticipated. I have this as a completed 1-2 and now heading into a third wave.
