BTCUSD long entry…

Bitcoin / Dollar BITSTAMP:BTCUSD


BTCUSD             long entry. The exchange rate may move in a narrow rising bar (yellow parallel line) We expect this band to go upwards. The wave size is similar to the size of the initial wave. This protruding wave structure is probable by the second rising structure of the triple wave. For good theory, the exchange rate may go up to 6915 usd. We expect a level of compensation from the level that can hold the axis of the wave axis parallel to the level of support of the parallel axis. This could be around the range of 6620. From this level we are expecting a stronger, two-wave, larger increase. The target price is 7224 usd.

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