meszaros

BTCUSD short-term accumulation.

Short
BITSTAMP:BTCUSD   Bitcoin
BTCUSD short-term accumulation. It can be seen from my analysis (which is a direct continuation) That I expect a further corrective reduction. This correction decrease can be an accumulation motion. In the figure, I show the fractal structure that makes up the accumulation range. It can be seen that fractal copying can take place. In the short term, it is possible to take a short position. In this case, it is an important criterion to wait for the H1 red candle to close under the ATR shaft. Then start a short position. This will prevent the situation if a strong rise starts from the ATR axis, then enter it incorrectly. Therefore, we must now wait patiently. The target price for taking a short position is 40373usd

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.