ralis24

Bitcoin - Pattern rec

Long
COINBASE:BTCUSD   Bitcoin
Notice on the chart above the last 2 consolidation periods after a bitcoin rip were 22 and 26 days. Also note the Parabolic Sar indicator during those periods alternated 3 times. At the end of the 3rd flip another parabolic rip to the upside occurred. Extrapolating from this data we may be nearing the end of this consolidation period which could lead us to a possible 60% plus move to 17,600 by September.

*Past performance does not guarantee future results* - but its fun to speculate.

WATCH FOR THE PARSAR FLIP! (Couple days or so)
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.