$BTC Parabolic Trendline

28 Haz 2019

What a rally this has been for #Bitcoin! I have been keeping an eye on the parabolic trendline and will continue to do so... That being said, I confirmed break of this parabolic trendline will project an ~80% decline from the swing high of this rally. I still believe BTC has some juice left in the tank (~15k) before we re-test this trendline for support...

IF we get up to 15k and IF a confirmed break of this parabolic structure I am projecting a double bottom at ~3k... This is hypothetical and only my opinion.

1 Tem 2019

Not

Bitcoin did not make it up to 15k but we have broken the parabolic trendline... Based on my analysis, I'm projecting a double bottom formation at ~3k...

IF we do get back down to 3k I believe we will go slightly below it $2500-$2800 in a capitulation wick and then quickly bounce back up.

8 Tem 2019

Not