Bitcoin Alternative Setup - Short-Lived Bullish Parabola
Yes, this is also possible. I am piggish at my core even if I've been leaning bear (due to the ridiculousness of this market/economy).
Should this setup manifest, it will be because a new ATH is reached this week.
Prepare for a very weird move higher following the ATH. It will look like an actual moonshot to 100k after failing to break down to the line of death, but I believe this will be yet another double fakeout around 67k.
That's right - it will look similar to the first whipsaw that occurred a few weeks back. See my first post about the DUAL BARR setup attached below for details. Ultimately, this would turn into a QUAD BARR Top and then a certain crash.
Both Ethereum, and the Dow Jones, are hinting at this type of crazy-stupid move higher as well, so might even say this is the more likely scenario than my post earlier today.
Who the hell knows, ya know?
-Para-Pig
BITBAY:BTCUSD
BITBAY:BTCUSDT
CAPITALCOM:CIX
TOTAL
ETH
DJI
Should this setup manifest, it will be because a new ATH is reached this week.
Prepare for a very weird move higher following the ATH. It will look like an actual moonshot to 100k after failing to break down to the line of death, but I believe this will be yet another double fakeout around 67k.
That's right - it will look similar to the first whipsaw that occurred a few weeks back. See my first post about the DUAL BARR setup attached below for details. Ultimately, this would turn into a QUAD BARR Top and then a certain crash.
Both Ethereum, and the Dow Jones, are hinting at this type of crazy-stupid move higher as well, so might even say this is the more likely scenario than my post earlier today.
Who the hell knows, ya know?
-Para-Pig
BITBAY:BTCUSD
BITBAY:BTCUSDT
CAPITALCOM:CIX
TOTAL
ETH
DJI
Related Ideas
I do not see such a move lasting longer than two weeks from monday, and even then seems like too many days for this.
Will expect this to begin early this week and end either mid-week or end of week.