saurabhbansal123

Parabola in Parabloa

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin is the most volatile asset class and it is only natural to see major pullbacks. The recent down move from 20K -> 6K is the longest one since 2015, for the overall parabloic trend to continue this correction should be steeper and shorter than the correction in 2014/15. Fundamentally, the pullback is partly fueled by governments in order to regulate crypto. This is positive for the longer run.

As for me I am patiently waiting to see a newer parabolic trend to begin.
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.