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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