BTCUSD update. Keep the long position. The upward trend in bitcoin movement is evidently intensifying, so look for higher target prices. I found a higher target price, observing the following regularity. Most traders trade at 2RR for initial risk (those who already use MM). This means that profit in a successful position is twice the initial risk. Initial risk is determined by many traders by setting the Stop Loss level below the correction range. Entry levels, however, are activated above the upper levels of the correction ranges. As a result, the target price is set at twice the adjustment range. Therefore, many years ago I developed a more accurate target price calculation. Use the PSAR closing value. These in themselves are a strong signal. The closing value of the PSAR gives the base corrected ATR for the exchange rate. So twice that can be an ideal target price. Using the rules described above, I raise the BTCUSD target price to $ 9539.58,
Hi Meszaros
Thanks for taking the time to look at my wave analysis charts. It's so weird looking at other peoples charts and methods. Are you saying we should reach $9539.58 after this retrace we're having now?