BTCUSD has an additional 7.5% increase, followed by a 18% correction reduction after a major rally. In short, this can be said about the current bitcoin movement. The current target price for the exchange rate is 8702 usd. The correction level is 7081 usd. By touching these levels, further movement can accelerate even more.
Yes I see. Your analysis is very accurate. There's another colleague here. Captain Walker, He's also working on a very precise analysis system. I am very glad that such a team is coming together because our strategies are different, but our analyzes are very similar.
Felix000
⋅
Here is an interesting way of using a 20 MA on shorts. You need to study the statistics. One way is to mark all the MA peaks and try use the low of the candle to develop trading strategy. NOT ADVICE. DYOR
Felix000
⋅
18% Correction Cool
meszaros
⋅
@Felix000, Yes. You're right. The correction started a little earlier, but keeps the correction level.
Felix000
⋅
I still think we're going to hit your upper level if not by end of month, then in June see the 1;2 in my chart. Then maybe we'll go sideways for many months so that price can hit the 7 month moving average again like on previous occasions. Maybe that's why we got this big pull back. Everybody can't wait till June and think they'll get out at the top, especially the big players. NOT ADVICE. DYOR @meszaros,
meszaros
⋅
@Felix000, I agree with you. I'll also review my analysis again because I'm looking forward to the next rising wave. Similar to your analysis.
Felix000
⋅
One idea which I had was to calculate how high the market had risen from three green monthly high to the pink peak @meszaros,
Felix000
⋅
By three green, I mean three green candlesticks after a red@Felix000,
meszaros
⋅
@Felix000, I understand your analysis. In my experience, a price movement is repeated 2 times, after which the market movement changes again to another type of movement. This is perfectly covered in your analysis. That's why I wrote that I really like it.