long. TP: 11577usd. In my analysis, I present 3 types of strategies. 1. Wave sequence. It can be seen that a double wave structure is formed in the direction of rising. The second wave of the wave sequences can usually reach double amplitude. 2. Fractal
strategy. It can be seen that the second correction fractal
is half of the first (red rectangles) This assumes that the second ascending fractal
can be twice the first. So with reference to point (2), I expect the current wave sequence to double in size. 3. Intersection of moving averages. It is often observed that fractals occur not only at levels but also around certain significant curves. The blue rectangles show this. The dotted lines are extended values of the moving averages MA100 and MA200 respectively. I assume that they pass through the two curves in a similar shape. In other words, similar fractals are generated at the intersection points. Conclusion, I'm not expecting any further adjustments to the bitcoin
chart. I assume a northward turn from this level and a more sustained rise. In case my analysis is correct, the Wave Sequence ascending target price is 11577usd.