However, the ascending track may still be in effect. Yesterday's correction was a 2x ATR correction with 1xATR fractal in my analysis. This may be technically suitable for building a further rise. Alternatively, it may be suitable for constructing the 5th fractal discussed in the previous analyzes.
Interestingly, at today 27th July, although the parabolic track is dented, trend lime seems to be holding. I'm expecting a pulse north soon (not a prediction).
Captain_Walker
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The parabolic path is disrupted, which is not unexpected. Bitcoin has nothing to do with Libra but it seems that people with not much sense have jumped on Bitcoin due to a fake Libra effect, and now that Trump is covertly thinking of squeezing both, they're jumping off. Bitcoin in only 10 years old! This thing is young! See bit.ly/gold-v-bitcoin The next important level is around 7800. But price could rock north all now. Sorry - I don't do predictions!
meszaros
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@Captain_Walker, The 7800 usd level is possible. Although I can't see it technically now. I don't even see more south movement. This does not mean that it will not change in 4-5 hours. But I'm not planning any further reduction. After a sideways motion I look forward to the north.
Captain_Walker
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@meszaros, I can't see 7800. But the probability is there because of market panic or stampede. Those who are measured in their risk taking will be the winners in the longer term (which is not days or weeks but years). Gamblers in this market will always fall into two groups - winners who punch the air and losers who cry in their tea.