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Btcparabolic

BTCUSDT PARABOLICwhat i see nice movements with parabolic trend with btc on weakly and daily based how you see on aug 17 we started second parabolic trendline which crossed touches on second touch of both weakly and daily parabolic lines then on jan 18 we was rejected from daily parabolic trend which cant act for btc as resistance at the writing of btc is 51681 masive pump from 51200 levels today we have touched daily parabolic trendline and it act as strong resistance but i think btc will challange it tomorrow or after tomorrow to breakout and go back into daily parabolic trend as you see ema angle on 50 weakly and daily works for us perfectly every indicator on chain data and etc predicts next massive movement of price up or down ? decide on your own risk i will pin second idea why i am so strongly standing on my idea cuz of back in 2021 breakout of 50-53k levels is looks likes very similar to this breakout
Long
by SuisenSuru
Is Bitcoin still parabolic? Projections to consider.With most bear cycle models showing that Bitcoin is approaching a bottom, it is useful to go back to its original growth pattern. The parabolic curve that has delivered High after High over this decade long time span. Based on that parabolic pattern we have identified 4 possible growth scenarios leading to the next All Time High using duration and % increase parameters of each cycle. Scenario (A): High around 53,300. Follows the 2012/2013 Bull Cycle. This projection suggests that the candle sequence will follow 2012/2013 bullish pattern. High to High measurement 882 days. High estimated for May 2020. Scenario (B): High around 58,700. Follows the 2015/2017 Bull Cycle. This projection suggests that the candle sequence will follow 2015/2017 bullish pattern. High to High measurement 1492 days. High estimated for January 2022. Scenario (C): High around 126,300. This projection assumes that the High to High sequence increases by +20 bars from the previous one. The June 2011 - November 2013 High to High sequence is measured at 29 bars. The November 2013 - December 2017 is measured at 49 bars. If the next High to High sequence follows this +20 bar pattern then the measurement will be at 69 bars i.e. 2100 days. High estimated for September 2023. Scenario (D): High around 158,000. This projection assumes that the High to High sequence increases by +68.96% from the previous one. The June 2011 - November 2013 High to High sequence is measured at 29 bars. The November 2013 - December 2017 is measured at 49 bars, +68.96% of the 29 bars of the previous sequence. If the next High to High sequence follows this +68.96% pattern then the measurement will be at 82 bars i.e. 2496 days. High estimated for October 2024. Based on a parameter similarity score, the Scenario that appears to be most probable is (B) as its High to High and Low to High measurements are identical to the cycle it immitates. If you seek more insight on cycle comparisons and projections, see below how we have compared the current Bear Cycle to the 2014/2015 and 2011/2012. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BNC:BLX
by InvestingScope
15