Confirming the previous bitcoin thesis, I still expect a rise in the bitcoin rate. The change is that the 5400 usd target price mentioned in the previous analysis is raised to 6300 usd.
I've just had to turn bearish for now because price broke through 20 MA. I've done a new post to show it. Will post here again if I turn back to bullish. Not Advice. DYOR
meszaros
⋅
@Felix000, I assume that BTCUSD rises along the green wave axis. I get the wave axis by calculating the actual ATR distance at the fractal points of the graph, and the percentage of this gives the wave center point relative to the exchange rate. Along these, I expect the exchange rate to "oscillate."
Felix000
⋅
Thanks. I've made a copy of your chart for closer study. I've just done another post entitled "Still a bull run opportunity? YES but guess what...." Although I had to turn bear because price broke through 20 MA the fact that the close has held above it looks like big bull opportunity still intact @meszaros,
Felix000
⋅
Made a small error. Had originally done boxes using shorter MA than 20MA which was still interesting but here is what best illustrates how small square can work its way into something big just by staying above or below 20 MA and using those vertical signal points
@meszaros,
Felix000
⋅
Just in process of publishing new post you may like- The truth about bitcoin shorts using 20MA. Not Advice. DYOR
Felix000
⋅
I've just posted some fresh research on Williams Fractal you may like. It makes what's going to happen next a certainty. Everybody getting trigger happy. With certainty anything is possible. Not Advice. DYOR.