Looking to add to portfolio with a long term outlook. Cyan line is average (time * price) of measured period. I'm looking to scale in (pyramiding) just below diagonal cyan line (i.e. buying the stops of prev swing low of cycle high). Lineair undervaluation at orange targets.
Trade closed: target reached:
Brutal market :D Watching for potential bottoming to at least trade it until it's in profit for a longer swing trade, can take a few months. Not buying yet.
Comment:
Scary to buy this one :)
Comment:
Crazy retracement, +137%, congrats if you played this one.