Nick_Core
Long

Parabolic Curve broken at 10k and new Parabolic trend formed.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Prior Trend dating back more than 2 years was broken when we broke 10k early, a new one is forming, this current one showing in the main idea could just as easily be broken because I like to see a solid pattern play out before charting a new Parabolic.
Comment: Entry Levels I Am Watching For A ₿itcoin Entry or Exit (SHORT TERM)
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I agree, I arrived at the same conclusion. If it manages to get through the very strong resistance of 25K, it will probably go to around 70K:
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Oh so are you saying we could expect a higher top then previously expected? Sorry new to this
+1 Reply
Nick_Core Spanishbaby
@Spanishbaby, Yes, once it forms completely a better picture can be painted on what to expect this year.
+2 Reply
Very nice work, I agree a new parabolic resistance has formed that is yet to show completely
+1 Reply
Nick_Core FOREXnowCrypto
@FOREXnowCrypto, Thank you
+2 Reply
New massive dumb upcoming?
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Nick_Core TonyCryptano
@TonyCryptano, Possibly, but honestly like I said before I don't think this trend is done forming, so the top resistance lets call it may be higher as larger trends need more time to form then it has had.
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TonyCryptano Nick_Core
@Crypto_Core, BTC broke through ascending wedge. The last time I saw this, BTC fall from 7500 to 5500. What is your thought?
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rdeso008 Nick_Core
@Crypto_Core, Also curious about potential area for reversal. currently we are currently sitting at $13,345 on Coinbase. In the grand scheme however, this train has just taken off
+1 Reply
Nick_Core rdeso008
@rdeso008, Indeed, we are just taking off. Check this idea though....
It is short term but the short term reversal areas are there. Other than that everyone has called a reversal area and top and been wrong, but I know better, I wait for confirmation.


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