The weekly parabolic SAR has been an indicator that follows long term trends in bitcoin. If the weekly bar would close now, the dots flip from bearish overhang to bullish support. Looks promising long term. At least a bear really. Perhaps, this year, Q2 the fib 0.618 is possisble? This has been the analysis Kevin Svenson did in the previous cycle. It would be amazing if it played out again.
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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.