BTCUSD - 4h - RIP parabola. What next?
Updated
Not a financial advisor...
BTCUSD parabolic price movement has come to an end.
Actually I was expecting a huge volume and a big dip. None of the expected scenarios happened.
What next? Possible Head and Shoulders, possible retest of the parabola/wedge, retest of the SMA21 daily or weekly?
Awaiting further developments and more candles...
BTCUSD parabolic price movement has come to an end.
Actually I was expecting a huge volume and a big dip. None of the expected scenarios happened.
What next? Possible Head and Shoulders, possible retest of the parabola/wedge, retest of the SMA21 daily or weekly?
Awaiting further developments and more candles...
Note
A retest of the wedge and of the parabola would reject the possibility of a Head and Shoulders formation, in case the right shoulder would be above the head...Note
Retest of the wedge and of the parabolic movewhich can be a bearish retest.
I like the lower wick on the daily candle...
BUT still CAN close in 10 min as a hanging man.
=> hopefully just weekend indicators.
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.