Elliott Wave analysis on DXY resulted in following targets:

+ 16/12/2020 23:00: reached TP3 1.768fib retrace (90.128)
+ 06/01/2021 03:00 Ranged a bit lower to 1.8943fib (89.209)
+ Only higher lows & higher highs since 06/01 !
-> EW TP4 1fib retrace (95.716) on track
-> EW TP5 2.272fib retrace (86.461) on track
BTC target calculation (avg past 3 BTC prices when DXY hit 95.716 weighted higher for more recent hits):
P1 = Price last time DXY hit TP4 (95.716) = 9394.14
P2 = Price 2th to last time DXY hit TP4 (95.716) = 7894.68
P3 = Price 3th to last time DXY hit TP4 (95.716) = 3435.07
BTC TP4 (DXY) eq. target = ((P1*3)+(P2*2)+P3)/6 = 7901.14
Closest golden fib = 8590.65
ETH target calculation (avg past 3 ETH prices when DXY hit 95.716 weighted higher for more recent hits):
P1 = Price last time DXY hit TP4 (95.716) = 235.77
P2 = Price 2th to last time DXY hit TP4 (95.716) = 202.98
P3 = Price 3th to last time DXY hit TP4 (95.716) = 108.58
ETH TP4 (DXY) eq. target = ((P1*3)+(P2*2)+P3)/6 = 203.64
Closest golden fib (my TP) = 218.68
Active ETH Trade:
Entry: 1298.98
TP: 218.68
Stop loss: 1443.00
R:R: 7.5
+ 16/12/2020 23:00: reached TP3 1.768fib retrace (90.128)
+ 06/01/2021 03:00 Ranged a bit lower to 1.8943fib (89.209)
+ Only higher lows & higher highs since 06/01 !
-> EW TP4 1fib retrace (95.716) on track
-> EW TP5 2.272fib retrace (86.461) on track
BTC target calculation (avg past 3 BTC prices when DXY hit 95.716 weighted higher for more recent hits):
P1 = Price last time DXY hit TP4 (95.716) = 9394.14
P2 = Price 2th to last time DXY hit TP4 (95.716) = 7894.68
P3 = Price 3th to last time DXY hit TP4 (95.716) = 3435.07
BTC TP4 (DXY) eq. target = ((P1*3)+(P2*2)+P3)/6 = 7901.14
Closest golden fib = 8590.65
ETH target calculation (avg past 3 ETH prices when DXY hit 95.716 weighted higher for more recent hits):
P1 = Price last time DXY hit TP4 (95.716) = 235.77
P2 = Price 2th to last time DXY hit TP4 (95.716) = 202.98
P3 = Price 3th to last time DXY hit TP4 (95.716) = 108.58
ETH TP4 (DXY) eq. target = ((P1*3)+(P2*2)+P3)/6 = 203.64
Closest golden fib (my TP) = 218.68
Active ETH Trade:
Entry: 1298.98
TP: 218.68
Stop loss: 1443.00
R:R: 7.5
İşlem aktif
Trade went deep into profits but dump got halted @ 1044I scaled out of it (took good profits) & decided to DCA into a higher entry to give it another try
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.