TRCH is looking strong. Expect a little pullback for the technical support. But parabolic movement is supported right now. Keep an eye on the weekly. If the price gets too disconnected from the HMA 20, expect a pullback next week to realign. Pretty straight forward squeeze on this one. Hedge wisely though.
Based on recent price action and a clearer parabolic picture, I've revised my estimate upwards from $30,000 in two years to $50,000 in two years. Nothing in this post is a prediction.
Traders should be very very very careful with this instrument. High volatility is...
NOTE : Sorry I misplaced the trump's election in the timeline... Sorry about that little glitch !
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In this vlog I explore mainly the shape of the younger Bitcoin parabolic correction with the much older and seasoned Wall Street (US30).
The emphasis here is in the nature of the struggle to avoid correction and the similarities in form .
The parabolic struggle seen in Bitcoin on the daily time frame, could well be reflected in the US30 on a weekly time...