BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Parabola not broken? Was messing around on stream and found a clean parabola that has yet to break. If broken Most parabolas retrace 50-60% which would give us this bounce zone around 5200-5800 which would also give big players the chance to trap a lot of bulls around the 6400 support zone . Not trading based on this chart, just something cool that i found.

Comments

Hi DejaBrew, would you mind telling me which tool you use to draw the parabola, and what parameters you use to take out as much subjectivity as possible? Thank you!
+1 Reply
DejaBrew DannyBeanstalk
@DannyBeanstalk, I use the Curve tool its with the paintbrush. I just try to connect as many points as possible, I dont actually use these to trade I was just highlighting something i found on stream.
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