BTC - 17 July 2019 - Parabolic Rise Has Finished - For a while?
The basic ideas behind Parabolic Arc patterns:
Pattern is easy to spot but difficult to trade with excessive volatility.
Most Patterns retrace to 62–78% of its rise. 50% retracement is first target.
Do not overstay in your trades
Stay away from “Parabolic Arc” patterns buying (after retracements) as you truly never
know where/when it will start reversing.
Do not expect the price to return to Parabolic Arc highs for a very long time.
blog.stocktwits.com/...bubbles-a732cc750c2b
Pattern is easy to spot but difficult to trade with excessive volatility.
Most Patterns retrace to 62–78% of its rise. 50% retracement is first target.
Do not overstay in your trades
Stay away from “Parabolic Arc” patterns buying (after retracements) as you truly never
know where/when it will start reversing.
Do not expect the price to return to Parabolic Arc highs for a very long time.
blog.stocktwits.com/...bubbles-a732cc750c2b
Trade active