The exchange rate will continue to follow my analysis. In this case, it is seen that the first fractal movement path is formed. Apparently at 2x ATR. In the event that the track construction rule is unchanged, the southward correction level may be 9500 usd. 16% decrease from current level.
Perfect chart there I feel the same about the bitcoin price.
Keep up the good work I really enjoy your charts.
meszaros
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@MoonBotTrader, Thank you very much.
UfukDogan
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Hey, I just saw your analysis and congratulations, I was just wondering are you still waiting for a jump to 17k maybe even higher? What is your position right now?
Best regards,
meszaros
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@UfukDogan, Thank you :) I'm currently in a long position on the correction level. Just above the correction level I have my break-even level. As you move up, toward the top of the red rectangle, I'll pull it into break-even. I'll wait.
Keep up the good work I really enjoy your charts.