Hello, already said I am bullish (see the linked idea), as the month of May and June seem to me as accumulation months (nervous and frenzy moves, but still accumulation at 9-10k levels) here my levels of attention for the short and long terms terms:
Short term LONG targets (following days/weeks)
- 11-12,000 range : extension areas are there and also the 5th leg of an Elliott count should end (bythe book).
Longer term LONG targets (1month/few months)
-12,500 (fino retracement level of the rise from past halving - see my last idea- AND the exact target from my SECRET INDICATOR - also see the idea)
- 14-15k by the year end (the top before halving reached again few months after the halving in 2016 case)
Those are levels for which I will buy call options accordingly (more likely scenario)
Short term and long term SHORT LEVELS (less likely scenario) calculated with Fibo and Moving averages on different timeframes. Short and Long term coincide as I see unlikely a drop to these level in the far future. If it happens, it will happen SOON.
- 8800
- 8500
- 8000
- 7700
- 7300
- 7000
- 6200
- 5600
Those are level for which I will both buy put options and set piramidal accumulation orders accordingly.
PLEASE NOTE THAT SHORT LEVELS ARE NOT TARGET FOR SHORTS, JUST LEVEL AT WHICH I WILL ACCUMULATE.
Short term LONG targets (following days/weeks)
- 11-12,000 range : extension areas are there and also the 5th leg of an Elliott count should end (bythe book).
Longer term LONG targets (1month/few months)
-12,500 (fino retracement level of the rise from past halving - see my last idea- AND the exact target from my SECRET INDICATOR - also see the idea)
- 14-15k by the year end (the top before halving reached again few months after the halving in 2016 case)
Those are levels for which I will buy call options accordingly (more likely scenario)
Short term and long term SHORT LEVELS (less likely scenario) calculated with Fibo and Moving averages on different timeframes. Short and Long term coincide as I see unlikely a drop to these level in the far future. If it happens, it will happen SOON.
- 8800
- 8500
- 8000
- 7700
- 7300
- 7000
- 6200
- 5600
Those are level for which I will both buy put options and set piramidal accumulation orders accordingly.
PLEASE NOTE THAT SHORT LEVELS ARE NOT TARGET FOR SHORTS, JUST LEVEL AT WHICH I WILL ACCUMULATE.
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Are you a good trader but you lack the capital?
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
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.