Bitcoin Parabola Not Broken?

Bitcoin / US Dollar Perpetual Inverse Swap Contract (BITMEX:XBTUSD)

BITMEX:XBTUSD Bitcoin / US Dollar Perpetual Inverse Swap Contract

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trendanalysis chartpattern bitcoin btc parabola fibonacci goldenpocket

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.

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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!

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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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