Close BTCUSD Long position.
Close BTCUSD Long position. The basic concept of my current analysis remains fractal mathematics. My previous analysis 
was very accurate. From my previous analysis you can see that bitcoin may have reached the target price. This target price coincides with the W1ATR 50% which is a strong trend reversal level. Therefore, I expect the rise from this level to reverse and start a sustained weakening with the first fractal mapping in the chart. Hence, I expect a SHORT entry. Alternatively, I expect a sustained downward wave to develop with a target price of 10313 usd.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.