meszaros

BTCUSD's price correction starts...

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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BTCUSD's price correction starts. In our opinion, the exchange rate begins to decline. Although we do not expect a significant reduction. We assume that this decline will stop at 3752.32 usd levels. Then it starts to rise again. This increase may last to the next correction line, which is consistent with our primary target price of 4448.40 USD. The wave theory is that there should be a bigger downward movement here. If our strategy is correct, then the exchange rate would reach 3257.12 usd. This would be a very good long entry with a high target price. If this is the case, the BTCUSD exchange rate may be USD 5323.97 for the second purpose.
You were close. Any update now?
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meszaros mgrzegorzak
@mgrzegorzak, Thank you for your comment. I've put an update on the page. At present, Chinese news make the technical picture difficult. Nevertheless, the wave structure continues to rise.
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