Bitcoin as a market has represented a series of parabolic advances on a log scale dating back to 2011. The recent correction has held above the current rendering of a parabolic advance. This rendering is a bit more complicated than previous parabolas due to the Covid crash in 2020. However, if the chart is viewed on a weekly closing price chart the parabolic curve beginning at the Dec 2018 low works well.
Thanks Peter for bringing all your markets & trading experience into this Crypto World
matthetradingexpert
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Just curious what do you call this parabolic curve analysis? It seems like you can draw the curve however you want to illustrate whatever point you want to make.
UnknownUnicorn31900754
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Great analysis Peter. This bull market will more than likely extend into Q3 of 2022. 140K-220K will be the top for BTC.
TrumpMakeBitcoinGreatAgain
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mucho hopium brad pit
UnknownUnicorn3631192
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The temporary bottom is 30k and then will re test 67k. And final bottom is 20k
itsjustanalysis
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Very honored to have your commentary here on TradingView Mr. Brandt.
Fox666
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Zulkaa7
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Does the elliot wave or the market come first?
meysam4772
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disagree
GoldFish182
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Soooo many head and shoulder patterns. Head and shoulders everywhere I look......j/k lol And Thank you for the hopium good sir.