Long
Expecting a Triangle
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.
Note
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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.