BITSTAMP:BTCUSD   Bitcoin
BTCUSD update. Not much has happened in the bitcoin movement since my last analysis. The fractal shown in the chart is still valid, so I am still holding the upside, but I am also preparing for a possible position close. The chart shows a thicker maroon line. This level is the average of the ATRs for the last 14 days of the price that closed down on that day. In other words, the level whose retest could be a healthy correction of a rising move. In the event that the bitcoin lands below this and the price movement enters the area marked by the purple square, I will close my LONG position. For now, with a small profit, I expect a rise. I will keep my target prices and further movement path in place.


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