BTC - 17 July 2019 - Parabolic Rise Has Finished - For a while?
The basic ideas behind Parabolic Arc patterns:
Pattern is easy to spot but difficult to trade with excessive volatility.
Most Patterns retrace to 62–78% of its rise. 50% retracement is first target.
Do not overstay in your trades
Stay away from “Parabolic Arc” patterns buying (after retracements) as you truly never
know where/when it will start reversing.
Do not expect the price to return to Parabolic Arc highs for a very long time.
blog.stocktwits.com/the-parabolic-arc-pattern-or-how-to-profit-from-euphoria-and-bubbles-a732cc750c2b
Pattern is easy to spot but difficult to trade with excessive volatility.
Most Patterns retrace to 62–78% of its rise. 50% retracement is first target.
Do not overstay in your trades
Stay away from “Parabolic Arc” patterns buying (after retracements) as you truly never
know where/when it will start reversing.
Do not expect the price to return to Parabolic Arc highs for a very long time.
blog.stocktwits.com/the-parabolic-arc-pattern-or-how-to-profit-from-euphoria-and-bubbles-a732cc750c2b
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.