meszaros

BTCUSD correction may begin.

Short
BITSTAMP:BTCUSD   Bitcoin
BTCUSD correction may begin. My analysis shows that bitcoin constructed the second wave sequence (yellow square). It can also be seen that the second wave sequence is exactly a mirror image of the first sequence. Its mirror axis is the W1 ATR axis. From this I conclude that we are facing a corrective move. This target price for corrective movement is 50% of the W1 ATR distance (white dotted line). The other condition for this movement is the strengthening of the dollar. In the event that the dollar starts to weaken, the correction may lag behind or be smaller.

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