*** Disclaimer***
This is purely technical analysis.
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Time:
Based on historical bulls and bears of
BTCUSD, it appears that the major low for long-term corrections is in the range of 364-413 days.
Price:
Price ofBTCUSD appears to make sense in logarithmic scale. Long-term corrections are to the area of 0.618.
The proceeding bull runs appear to surpass the preceding bull runs' high by 13% log or 41.4% log. As such, in the "Open Trade", the Target is set, conservatively, to 13% log at around 112,000 price point. The Stop is set to around 5,700 with no justification, except thatBTCUSD has never corrected more than 61.8% historically.
This is purely technical analysis.
****************************************
Time:
Based on historical bulls and bears of
BTCUSD, it appears that the major low for long-term corrections is in the range of 364-413 days.Price:
Price of
BTCUSD appears to make sense in logarithmic scale. Long-term corrections are to the area of 0.618.The proceeding bull runs appear to surpass the preceding bull runs' high by 13% log or 41.4% log. As such, in the "Open Trade", the Target is set, conservatively, to 13% log at around 112,000 price point. The Stop is set to around 5,700 with no justification, except that
BTCUSD has never corrected more than 61.8% historically. 
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.