meszaros
Long

BTCUSD update (2)...

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The movement of the exchange rate was closely followed by the analysis. The reason for this is that the current motion is a 2X fractal motion. Therefore, I suggest that until you get the opposite signal, it is advisable to go along this "fractal trail". This now means looking for a long entrant. The primary target price is 11035 usd. In the event that the momentum moves southward, this may indicate that the 2X fractal orbit is damaged. Therefore, a new trading strategy may follow. To be continued.
Comment:
Very interesting analysis but if you look at the larger logarithmic timeframe, it looks like that the parabolic movement will happen around the halving event and until the halving we are probably consolidate or have smaller movement until 13-14k. What do you think?
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meszaros TenxLenx
@TenxLenx, Thanks for the comment. Yes what you wrote sounds logical. So far, the 9534 correction level indicated in the analysis has not changed. Further motion chart path is not damaged. At the moment, I see no external factors to change the analysis.
Sorry for the late reply but i just came back from vacation :)
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