TheKing Parabolic
Updated
it's really hard for traders, including me, to understand and calculate BTC paramoves, sometimes TheKing starts to be in raging mode and we are lost in parabolics spaces.
This the time when u don't want to try to short for extra gains, When u swim u have follow the river, you don't try to reverse it, you will lose your time and your energy.
- in this simple Scheme i drawed 2 Arcs trying to understand this new parabolic move ( Pink Arcs )
- 161.8 is around 70,000$, this was the target from my last analyse ( i will post it in comments ), Right now we can see that BTC made a sideway consolidation in a triangle and this triangle was now brutally broken. ( From last analyse also, i will post in comments )
- Next Target should be around 88,000$ (2 in Graph ) fowarded maybe by a retracement to 74,000$ ( 50% Fibo ) ( Retracement in Graph )
- One important Target is 100,000$, this is a round number in peoples minds, scare, fear and panic could appear so we have to be very carefull around 100k. ( 3 in graph )
- Extension could drive Whales to give a last push to help BTC break 100k and reassure Retailers, it could lead us to 120,000$ ( 4 in Graph )
"Let TheKing Leads Us and Believe in Future"
Stay Safe and Happy Tr4Ding !
This the time when u don't want to try to short for extra gains, When u swim u have follow the river, you don't try to reverse it, you will lose your time and your energy.
- in this simple Scheme i drawed 2 Arcs trying to understand this new parabolic move ( Pink Arcs )
- 161.8 is around 70,000$, this was the target from my last analyse ( i will post it in comments ), Right now we can see that BTC made a sideway consolidation in a triangle and this triangle was now brutally broken. ( From last analyse also, i will post in comments )
- Next Target should be around 88,000$ (2 in Graph ) fowarded maybe by a retracement to 74,000$ ( 50% Fibo ) ( Retracement in Graph )
- One important Target is 100,000$, this is a round number in peoples minds, scare, fear and panic could appear so we have to be very carefull around 100k. ( 3 in graph )
- Extension could drive Whales to give a last push to help BTC break 100k and reassure Retailers, it could lead us to 120,000$ ( 4 in Graph )
"Let TheKing Leads Us and Believe in Future"
Stay Safe and Happy Tr4Ding !
Note
Older Analyse to understand more.
Note
Older breakout.
Note
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