BitcoinLong
BTCUSD I continue to hold a long position.
BTCUSD I continue to hold a long position. My previous analysis is still valid. The STOP level indicated in the previous ones has worked excellently so far. It has maintained the position. My current analysis shows that bitcoin's emerging wave movement has widened and is making a symmetrical wave movement on the wave axis(orange dotted line). My assumption is that this is an accumulation phase. From this range, I expect a further rise. As the rise starts from a more distant wave sequence, it will reach the level defined by the upper axis later, so the target price may move higher. The upper axis is a D1 ATR axis, which has provided levels for new local peaks so far. The next target price is : 80314 usd. The STOP level remains unchanged : 54427 usd
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.