Bear cycle pattern about to break - Parabolic Curve in play
As a follow on to my recent analysis, I mentioned if we broke the .618 fib level at $8970.28 we are on the way up. Also MA200 has just been broken (awaiting full confirmation of closure above levels first).
If it closes above these levels I think we may follow the same parabolic curve that BSV and ETC just went through. If you copy this curve onto each daily chart you will see they are the same size and curvature. This may play out on every alt coin as they are all looking exactly the same imo. Of course it is crypto, the most manipulated markets in history, so anything could happen.
The 2 purple small lines are some resistance levels on the way up.
1.618 fib level more likely to be the top imo.
This also could be a false breakout which is why we wait till it closes twice above levels .
Where do you think we are heading with Bitcoin?
Happy trading legends!
HTBB
If it closes above these levels I think we may follow the same parabolic curve that BSV and ETC just went through. If you copy this curve onto each daily chart you will see they are the same size and curvature. This may play out on every alt coin as they are all looking exactly the same imo. Of course it is crypto, the most manipulated markets in history, so anything could happen.
The 2 purple small lines are some resistance levels on the way up.
1.618 fib level more likely to be the top imo.
This also could be a false breakout which is why we wait till it closes twice above levels .
Where do you think we are heading with Bitcoin?
Happy trading legends!
HTBB
Comment:
ETC Curve:
Comment:
Luckily we wait for confirmation otherwise we would of just got smoked by those dirty exchanges.
Comment:
Strongly rejected at this critical level, may bounce of the EMA10 or $8500. If we drop below these levels then $7850 to 8k is in play for sure where the Gaussian Channel is sitting..
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