meszaros

BTCUSD further rise.

Long
BITSTAMP:BTCUSD   Bitcoin
BTCUSD further rise. The correction was stopped by a significant level. This level is W1ATR50%. This is 50% of the weekly ATR distance. A weekly ATR distance means how much distance the price movement can move in 1 week based on the ATR value. Based on current ATR (W1) data, bitcoin 5338usd may increase or decrease. Systems (artificial intelligence or other automated trades) that trade based on ATR mathematical rule systems have an important level of ATR50%. We can still see this. The ATR50% can be a reversal level. That is, I assume that another rise may begin from this level. I would like to draw your attention to another rule. In cases where the turn starts from ATR50%, the target price is also easier to calculate. Twice the correction. This is caused by the 2RR risk management rule of Money Management. If the above is correct, we can see a further increase in the price movement of bitcoin. Target price: 51035 usd

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