Bitcoin has yet to experience the true correction following its parabolic rally. It needs to confirm the parabolic support line as resistance. Once it does, it is rejected fiercely with potential downside targets at: $8000, $7,200, and $5,800.
I recently left BitMEX after the recent fiasco to trade BTC on PrimeXBT - primexbt.com?signup=76638
I recently left BitMEX after the recent fiasco to trade BTC on PrimeXBT - primexbt.com?signup=76638
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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.