veryevilone

Nascent parabola on Bitcoin

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I am measuring the angle between the candle closes and it seem to be getting steeper (It depends if this daily closes green, otherwise thats not the case)

Measuring the angle between the lows also it looks like the angle is getting steeper.

So at this time it looks like a nascent parabola is forming. It all depends on wether or not the daily closes green i would argue.

That being said, i am not sure how interpret a possible new parabola forming. It could mean price is starting to go exponential again, it could be a bull trap, it could mean nothing at all. I mean who knows.
Order cancelled: daily didnt flip so doesent look as strong anymore.
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