BTCUSD long position. My analysis assumes another rising wave structure. This is explained by the fact that the first fractal shown in the figure can be copied, but with half amplitude. The reason for copying the halved size is that the ATR closing values (white rectangle) below it are halved. In case of a correct idea of the target price increase: 9527usd.
Will such timely alignment favour bulls or bears. NOT ADVICE. DYOR.
meszaros
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@Felix000, Thank you very much for your analysis. For now, my own analysis is still valid. So far he has been following the movement of bitcoin exactly.
meszaros
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@Felix000, M5ATR stop tracking closed the trade. Profit in the pocket. we go on. 😊💰
If market closes above $8930 and $9177.5 either one of those looks like could provide next level of support going forward NOT ADVICE DYOR
meszaros
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@Felix000, Because the rise in bitcoin has reached the target price in my analysis. I'm starting to make a profit. In this situation, I change the STOP order tracking. I'm switching from H1 ATR to M5 ATR tracking. In case you go beyond the target price, I'll go with it too. If not and at this target price the rise ends, then I will realize the profit.
Felix000
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WOW - Can I buy your crystal ball?
meszaros
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@Felix000, "WOW - Can I buy your crystal ball?" Yes. Nice color and very fragile :)
Felix000
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If market closes above $8930 and $9177.5 either one of those looks like could provide next level of support going forward NOT ADVICE DYOR