ROUNDING TOP IDEA
Following up on the initial idea for a Rounding Top playing out on Bitcoin, this 4-hour $BEL chart shows a similar pattern which I expect to perform in an uptrend for a big move up in the mid to long term.
April 17th's BTC dip accelerated the pattern closing and almost bounced off the rising trendline support.
An impulse move might bring price to ATH by the end of this month (April) depending majorly on Bitcoins behavior.
PARABOLIC CURVE THEORY POSSIBLE
I've marked price level 7.00 for a future idea analysis on a larger scale timeframe as I believe this coin might be developing a parabolic curve. That level could actually be a base 3. If that turns out to be so, I would confirm the existence of the parabolic curve pattern making it a awesome opportunity for exponential growth which would put the long term price level around the 13.2USDT.
Following up on the initial idea for a Rounding Top playing out on Bitcoin, this 4-hour $BEL chart shows a similar pattern which I expect to perform in an uptrend for a big move up in the mid to long term.
April 17th's BTC dip accelerated the pattern closing and almost bounced off the rising trendline support.
An impulse move might bring price to ATH by the end of this month (April) depending majorly on Bitcoins behavior.
PARABOLIC CURVE THEORY POSSIBLE
I've marked price level 7.00 for a future idea analysis on a larger scale timeframe as I believe this coin might be developing a parabolic curve. That level could actually be a base 3. If that turns out to be so, I would confirm the existence of the parabolic curve pattern making it a awesome opportunity for exponential growth which would put the long term price level around the 13.2USDT.
