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meszaros
May 18, 2019 10:39 AM

BTCUSD 10% correction... Short

Bitcoin / U.S. dollarBitstamp

Description

At the moment, my analysis indicates the construction of a third fractal. In the event that the analysis works, we can now have a 10% downward movement. Then I wait for a wider sidewalk, then an upward breakout. If the exchange rate remains in the fractal structure, an almost 65% rise in the primary target price of 10850 usd. However, a "healthy rise", either on a fractal basis or on a wave theoretical basis, increases by a number of 1,2,3,5 ... etc (FIBO theory). And in our case, this would mean that the 65% increase could increase to 130%. Therefore, achieving the primary target price would not necessarily mean closing the long position.
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