BitcoinShort
BTC - Daily - Parabolic Arc Pattern - Continued
Hello everyone, Andrew here, the last parabolic arc chart isn't giving out the route, so here is an update and adjusted calls. Shorting at this point is very risky, so be careful.
Short Term: Bearish (possible pull back at any time)
Mid Term: Bullish
Long Term: Bullish
If you are wondering where to set your Stops, Typically with parabolic arcs, you set your Stop above the parabolic Top. Possible pull back is approximately 12% from the Short Line and 22% from the Top of the Arc.
Good luck everyone and please click like if you do, thank you.
I am not an investment adviser.
Short Term: Bearish (possible pull back at any time)
Mid Term: Bullish
Long Term: Bullish
If you are wondering where to set your Stops, Typically with parabolic arcs, you set your Stop above the parabolic Top. Possible pull back is approximately 12% from the Short Line and 22% from the Top of the Arc.
Good luck everyone and please click like if you do, thank you.
I am not an investment adviser.
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