Good luck trying to catch OMGBTC's parabolic rise
The title says it all. OMGBTC is extending the parabolic rise it started in May, this time on an even more aggressive manner as just in August alone it has gained +500%!
It has even broken above the multi-year bearish trend-line of Lower Highs and the 1D RSI is on an Ascending Triangle.
Typically it is very difficult catching such aggressive rises, the MA50 won't be touched until the very peak. I believe the best shot we have entering this is once (if) contact is made with the 1D MA20 (yellow trend-line).
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It has even broken above the multi-year bearish trend-line of Lower Highs and the 1D RSI is on an Ascending Triangle.
Typically it is very difficult catching such aggressive rises, the MA50 won't be touched until the very peak. I believe the best shot we have entering this is once (if) contact is made with the 1D MA20 (yellow trend-line).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
Shout-out to TradingShot's top TradingView Coin donor this week ==> @scheplick
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