BTCUSD target price 4269usd...

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
560 2
The exchange rate is down. The so-called peak axis shown in the figure is an intense descending wave. This decreasing wave is a continuation of a previous wave structure that has already happened. Primary target price 4269 usd. This is considered to be the same percentage as the first downward wave structure. Its size is half the previous wave. I would like to make an important remark here. If the analysis uses a linear scale, the wave distance shall be measured as a percentage. If a logarithmic scale is used, the distance or size of the wave size is relevant. This is a mathematical rule of thumb. We often mix our analysts as well.
I love this analysos.... I actually saw a picture in china where a lot of bitcoin mining machines are being plugged out...... great analysis
meszaros kev1237033
@kev1237033, Thank you very much. Though you started with like with KORS shares, my analysis has failed very well.
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