普通じゃないエビ commented on a stock · Nov 22, 2024 06:58

🐶How far and how long will it rise (short-term edition)🐶

$Bitcoin (BTC.CC)$ $XRP (XRP.CC)$ $Ethereum (ETH.CC)$

I will consider this while looking back on it in my own way.I will utilize Fibonacci and Elliott Wave 🙇♂️

First, let's look at the daily chart (short-term) ~ the left lowest point is 8/5 📅, then the second bottom is formed, and the rise due to autonomous rebound and strong economic data is the first wave

From the end of September to adjustments due to Iran's missile and Portsto... this is the second wave

Since around October 10th, the rise has been attributed to factors such as the Trump market, lower oil prices, interest rate cuts, and receding recession concerns, with three waves of increases up to the present.

So, how long will the current rise continue? That is the question, and as factors that could halt the rise,

①Profit-taking in the Trump market (0.1 million dollar barrier)

②Year-end closing

At present, high interest rates on gold.

I'm thinking that maybe 1 and 2 might come at the same time, so if there are no significant adjustments as we approach the end of the year, I'll also consider taking profits there.When taking profits in advance in the market, it tends to drop sharply, consolidate at a sluggish range due to autonomous rebound and year-end adjustments, and then head back up towards the top.

So, well, looking at Fibonacci and past adjustments, I assume around 15% to 20%? So, I think it could be around 79,000 to 82,000. This is the fourth wave, but since Trump's inauguration is on 1/20, it might be worth considering the possibility of moving up without year-end adjustments until around that time.

Then, with the rise, it's the fifth wave... as Elliott Wave theory states that an impulsive wave in an uptrend consists of five waves, this uptrend market will end here.

As for how far this will go... based on Fibonacci, maybe around the 128,000 level.

As a concluding element, there is the anomaly of the American tax declaration.

While there are many possibilities, including various speculations, I think this might be it in the short term.

By the way, regarding the correction after the fifth wave, if this scenario unfolds as predicted, I believe a full retracement may not be sufficient, so that aspect will need further consideration in the long term 🙇‍♂️

On a side note, Mr. Gensler has been dismissed, right? This is positive for virtual currency, but there is also a possibility that the future investment environment in america may feel uncertain. 💦 The stock that will benefit the most from this dismissal... is easy. Other than meme coins, it's XRP~ Since the regulations led by Mr. Gensler could now be resolved quickly, there is a potential for XRP to start rising from here. ✨

I might do some hyena day trading until I can confirm the end of the third wave lol

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