Bitcoin Following Gold To 16k! for BITMEX:XBTUSD.P by TEXAGG22

trendanalysis chartpattern indicator bitcoin btc btcusd xbt xbtusd crypto

Well, maybe. A buddy of mine over in discord pointed out the fractal nature of what went on with gold and what is going on with bitcoin. Granted they do not follow each other perfectly but the case can be made. IF we are breaking out here I see no reason Why we couldnt go parabolic as bitcoin has a history of just such behavior. The real question is, are we really breaking out? Well, I think we wait for the weekly close and talk about that then.

All the best,

Red Boar, Darth, EzPz :)

Comment:

The following chart is basically the last meme line I can find we have not broken...If this one goes then I have no more diags arguing bearish

Comment:

So far so good! Our parabolic arrow seems to be sending the corn to new highs daily! I do think we are about to correct short term, mid and long term I do believe we see see 16k

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