As the title says, this Idea is risky
I have tried to count Elliot Waves and this analysis presumes we are in subwave 1 of wave 5.
!!! IT COULD BE 100 % WRONG !!!
Many inexperienced traders are in panic-mode on, so they are buying the tops and selling the dips, with the result of losing money.
I know because I did the same 2018. Then I learned to set stop loss, take profits and always have a plan. Very original story.
If you have a plan(and are patient and consistent) you will still lose money(sometime, much less)
but you will make profits and won't worry when a car seller(or tulips?) throws mud
on something Bitcoin, which can help billions of people to make a better life.
After this not at all trivial premise let's go to the point:
https://s3.tradingview.com/snapshots/v/viLHjMAg.png
have taken profits 4059 then waited for A to bottoms.
Fib retracement from the top to get end of C (Fib Lines: Yellow 1, Orange 1.23 and Red 1.61).
After ABC Correction I have bought some ETH around 3200
It could still go down to Fib 1.61, in this case wait for bottom
Bullrun could be over too, so this could be a try to catch a falling knife so think about it
IF the idea is correct, then you can wait subwave 2 to finish and buy there.
Important note: be smart and set always stop loss!
And risk only monopoly money or money you can lose without regrets.
DO NOT MAKE INVESTMENTS UNDER THE ADVICE OF SOME ANONYMOUS TROLL WHO HATES CAR SELLERS AND TULIPS
Cheers
After five minutes(or till invalidated) this analysis will self destruct
and I will publish a new corrected idea to win followers