Bitcoin parabolic trend channels: converging or parallel forever
Updated
Parallel parabolic trend channel of infinite grow is possible if one Ignores the turbulence before 2014.
2014 was the time when first alternativ coins enter the market and trade volumes become reasonable.
But for parallel trend channel BTC must break at som point the TOP line of covering parabolic trend line, e.g gain on next 30% more and reach $20 000.
2014 was the time when first alternativ coins enter the market and trade volumes become reasonable.
But for parallel trend channel BTC must break at som point the TOP line of covering parabolic trend line, e.g gain on next 30% more and reach $20 000.
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If the 30000 would be reached till end of the Year, then we will be in parallel parabolic grow where infinite high values are possibleTrade active
I would start panic and sell off when it would be close to convergence point ca. 1 000 000 or the lowest line would be broken. For a moment resistance of lows is at $10 000.
All between is just a corrections and speculations of whales to suck some bitcoins from small fishes.
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