Short term trading plan Buy zone justified by: Strong support Strong support .618 fib retracement from current rally
2014-2015 2018-2019
As from now I decided to systematically publish both my bearish and bullish point of view. Bullish scenario Bearish scenario
As from now I decided to systematically publish both my bearish and bullish point of view. Bullish scenario Bearish scenario
Target: 200$ end April/early May Target: below 50$ Second half 2019
Bullish scenario: Bearish scenario:
I expect a correction of DJI before starting the wave 3 of a new Elliott cycle. Such a correction would complete a Head & Shoulder pattern (see below)
Weekly timeframe Hourly timeframe: One possible scenario
I do believe in Bitcoin but I still think it is a risk-on asset that will be heavily dumped at the beginning of the coming stock market crash. During a market crash, investors usually put their money on risk-off assets such as bonds and/or the ones that brings a cash flow (i.e. with dividends). I expect at least a retest of the $3200k but falling to 2400$ or even...