$CRV
EW Cycle Targets -- optimistic vs realistic, and my exit plan! have a good read!
No one denies how bullish CRV is, but how high could it go, though? 2 only scenarios I can see.
1st chart below shows scenario 1, where CRV could reach up to $30+ if we look at this count as 1 2 1 2, which is the only way I can see it according to EW rules, and given how deeply circled 1 2 went ($0.35), i can only see current structure as the circled 3 within cycle 3 which has a technical target at the 100% up to 161.8% fib extention level ($2 - $6) depnds on wether its a regular or extended 3rd. Then followed by circled 4th and 5th, finishing the 3rd Cycle wave as shown in the chart. This will be followed by a cycle 4th, which is expected to be some sort of a sideways consolidation pattern, given that the 2nd cycle was a sharp ABC, and according to the wave's alternation rule (if the 2nd is sharp, then the 4th is usually sideways)
Then comes the final cycle, 5th upwards, that could take us up to $37, again, depending on its nature, with an extended wave being the most bullish case, and an ending diagonal being the most likely but still bullish, characterized by its overlapping waves, making it clear to spot, this is where you wanna exit the market and leave without looking back. (I will be following through each stage, as price action develops, so stay tuned)
Scenario 2, the most realistic one imo, where price prints regular waves. counted as in the 1st chart, with the only difference being, the circled 3rd ends up as a regular wave where it ends slightly above the 100% fib extension level at ($2.13), followed by a circled 4th to test prior December high before one last push towards 123.6% level to finishd the circled 5th of the cycle 3rd, followed by sideways PA respecting the wave alternation rule to finish the cycle 4th and then one last push towards the 161.8% fib extention at $6.4 as the top for this cycle.
How am I planning to exit the market for good?
Well, most of you guys are over optimistic with your targets, and you probably won't like my answer, and that's fine, everyone has their own risk tolerance, and for me, I focus more on survival and preservation of my capital, and only then can I grow it, not in one go but rather over the years and to keep me safe i always use same good old DCA out strategy where i exit as price moves up, exiting at key resistance or psychological levels and for $CRV that would at either an early break of bullish structure ( full exit like in a trailing stop loss ) or once my targets are hit, 1st at $2 ish i will close 25%, then 25% at the next level at $3ish and another 25% at $6 once we hit it. i am now left with 25% of my entire bag, i would ride that until either invalidation or if we hit double digits or some sort of psychological numbers.
Talk is talk, if you are not strict enough with yout TPs, I guarantee you will find it extremely hard to take profit at any given targets, it's a game of FOMO and fear. set your targets and once we hit 'em just swallow that frog alive and go back home with that hard-earned money. The market has a habit of taking back what it gives. So, never try to outsmart it by going back in with your profts, YOU WILL LOSE IT, Guaranteed!
It took me about an hour preparing this tweet while traveling, if you like it, I will appreciate a RT, share with the $CRV community.
will later on do $CVX
thoughts and questions??
If Bitcoin hits $75,000 by the end of the week, I will give a random follower who likes and retweet this post 1 whole #Bitcoin ⏰
You must be following me.
Good luck.