meszaros
Long

BTCUSD reached the end of the correction level...

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD             reached the end of the correction level. This level is 6562 level. I expect a rise from this level. The target price of the ( BC             ) wave rise is around 10269 levels.
WHy do you think 10.2k? Looks like there will be some very strong resistance around 9.1k?
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meszaros Pastro218
@Pastro218, First of all, thank you very much for your comment. You are right on the issue of a strong level of 9200. The exchange rate correction last time was 1100 points higher than the corresponding SMA (50). That's why I'm waiting for this now. As the axis of the SMA (50) slopes downwards, the 1100 point value was close to twice the previous correction wave. These two values give me the 10269 Take profit level.
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