BitcoinLong
BTC to $48K, then 43/45K, then back up to 46/48K+
Hey traders 👋
This is not the first time I publish about a parabolic curve pattern. In my latest one on BTC, I shared that it would have gone to 42K+ with the parabolic(see attached idea).
This time, it is much more short-term, yet it is forming again.
This is my forecast 🪄:
1. it will go to about
48K+ (resistance area)
2. Drop to a maximum of 43/45K (key support levels)
3. Will go back up again to about 48K, or even more
Besides the parabolic curve, there are other indicators of a new uptrend:
- An almost perfect Bullish Gartley
- A failed attempt of a bearish breakout to an ascending triangle
- Promising MACD
- Classic RSI of a parabolic
Thank you for reading
This is not the first time I publish about a parabolic curve pattern. In my latest one on BTC, I shared that it would have gone to 42K+ with the parabolic(see attached idea).
This time, it is much more short-term, yet it is forming again.
This is my forecast 🪄:
1. it will go to about
48K+ (resistance area)2. Drop to a maximum of 43/45K (key support levels)
3. Will go back up again to about 48K, or even more
Besides the parabolic curve, there are other indicators of a new uptrend:
- An almost perfect Bullish Gartley
- A failed attempt of a bearish breakout to an ascending triangle
- Promising MACD
- Classic RSI of a parabolic
Thank you for reading
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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.
Related publications
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.