meszaros

Continue with BTCUSD.

Long
BITSTAMP:BTCUSD   Bitcoin
Continue with BTCUSD..https: //uk.tradingview.com/chart/BTCUSD/it41svYJ-BTCUSD-further-rise/ I will continue my analysis. At current motion, it can be seen that a momentum developed from the W1ATR50% support level. According to the rule system, if a turnaround succeeds from this level, another significant rise is expected. The D1ATR (white square) distance of the current analysis indicates the next level of correction. D1ATR means how much distance the bitcoin can travel per day based on the currently calculated ATR value. The first correction level is expected at 2xD1ATR distance. Why? Because by default MM (money management) is 2RR (risk-reward) scaled. The analysis also shows that a double correction fractal (red square) was constructed. Its percentage has doubled. This is due to the vertical logarithmic scale division. It follows from the above that if the fractal continues to be built, the target price indicated in my previous analysis will also shift upwards. The new target price is 74887usd

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