BTC +$1500 move & its parabolic limits
Updated
- NOV-14 - NOV 16 bull move played out $1500 ($6500 - $8000)
- Technical repetition is $9250 = target of yesterday's confirmed pennant from $7750
- Target = touch of the upper parabolic channel limit (black)!
If THIS plays out, be aware!
> significant break through $9250 right the way and a 1h-4h close above it will directly bring us dangerously into UNSUSTAINABLE BUBBLE hype situation (>$13.400)
> though a rejection at this point most probably will VIOLENTLY FAST send us back to the lower parabolic channel limit in the $6500-$6800 area
- Technical repetition is $9250 = target of yesterday's confirmed pennant from $7750
- Target = touch of the upper parabolic channel limit (black)!
If THIS plays out, be aware!
> significant break through $9250 right the way and a 1h-4h close above it will directly bring us dangerously into UNSUSTAINABLE BUBBLE hype situation (>$13.400)
> though a rejection at this point most probably will VIOLENTLY FAST send us back to the lower parabolic channel limit in the $6500-$6800 area
Trade active
Played exact touch of the upper paraboloic limit - with a overrealized repetition of the meantioned $7750 pennantComment
Either violent range pull back into the lower/mid 7000s (no ndicators yet really pointing to!)Or parabolic up-breakout! Man!
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