BITCOIN patterns - parabolic curve
Updated
Depending on how much stock you place in patterns for trading. Here is a pattern that shows up pretty often during run-ups. This is Bitcoin currently compared to the last parabolic run up pattern I saw on Meta. This pattern can also be found on TSLA, MSFT, BBBY, DOGE, SHIB, and actually quite a few of the alt coins. Again, everyone trades in different ways, so this is not a 100% pattern, but it is something to at least consider while doing your analysis.
IMO, the low looks to be 19.9 and the question point is right around 22.7
ALSO, as far as trends are concerned, you need to view bitcoin on the 4h chart and the 1d chart. The bearish trend (or rejection point) is actually trending towards positive price movement, and we currently have hit the bullish trend support. I have no idea if it holds, but I like the potential especially once these short term time frames start to line up with the longer term frames.
IMO, the low looks to be 19.9 and the question point is right around 22.7
ALSO, as far as trends are concerned, you need to view bitcoin on the 4h chart and the 1d chart. The bearish trend (or rejection point) is actually trending towards positive price movement, and we currently have hit the bullish trend support. I have no idea if it holds, but I like the potential especially once these short term time frames start to line up with the longer term frames.
Note
Melt up :)Note
More melt up??
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Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
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