BITCOINS Parabolic 3rd wave has smashed its way through many barriers. Finally we have some green in the not so distant future on the 3 day cloud. First time in over a year. All the signs are pointing towards smashing through the 10k Barrier.
Using the log Chart we have our current parabolic resistance trend. BTC Has moved a long way from the cloud and the EMA indicators, always a risky time to chase but if were running to ATH 20K and beyond, accumulate.
A huge indicator is PREVIOUS PRICE ACTION.
We can see the 10k mark from previous cycle is a big support resistance area and this is where we may find the resistance, but all signs are bullish, and it happened fast.
Where is the money coming from? no doubt this is the big institutional money we have been waiting for.
BITCOIN is a limited supply, 21 million only, once its all mined... THATS IT. Very simple maths
BITCOIN PRICE IS SIMPLE - Supply and demand. Supply divided by demand equals the price of 1 bitcoin.
BTC Pairs are not worth touching right now. Why waste BITCOINS on buying ALTS with them while the price is surging. Once the BTC price stabilises, the BTC pairings will boom again.
Using the log Chart we have our current parabolic resistance trend. BTC Has moved a long way from the cloud and the EMA indicators, always a risky time to chase but if were running to ATH 20K and beyond, accumulate.
A huge indicator is PREVIOUS PRICE ACTION.
We can see the 10k mark from previous cycle is a big support resistance area and this is where we may find the resistance, but all signs are bullish, and it happened fast.
Where is the money coming from? no doubt this is the big institutional money we have been waiting for.
BITCOIN is a limited supply, 21 million only, once its all mined... THATS IT. Very simple maths
BITCOIN PRICE IS SIMPLE - Supply and demand. Supply divided by demand equals the price of 1 bitcoin.
BTC Pairs are not worth touching right now. Why waste BITCOINS on buying ALTS with them while the price is surging. Once the BTC price stabilises, the BTC pairings will boom again.