Bitcoin is currently going parabolic. My next price target is 36k. It could go further, but I think 36k will be the top.
Parabolic moves are typically followed by an 80 percent correction (roughly). If Bitcoin pulls back 80 percent from bottom (10k) to top (36k), that would mean Bitcoin corrects to 15k. This is a rough estimate. It may not correct that far.
Thanks
Parabolic moves are typically followed by an 80 percent correction (roughly). If Bitcoin pulls back 80 percent from bottom (10k) to top (36k), that would mean Bitcoin corrects to 15k. This is a rough estimate. It may not correct that far.
Thanks
Trade active
Forming a bull pennant on hourly chartTrade active
ETH is also on a tear rnTrade active
The parabola is your friend, until it endsTrade closed: stop reached
Closed half at 29,000
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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.