ParabolicInvestor

ParabolicInvestor

August 5th wide ranging candle was 2x NTR. Represents extreme selling and likely cannot be sustained. Gap down on Aug 6 NQ futures indicates further extreme selling readings. Expecting NQ gap down to be somewhat repaired by market open Aug 6 and bottom possibly in place. Could be dead wrong of course!

ParabolicInvestor

Here's my anticipation where price can go for the great BITCOIN

ParabolicInvestor

Sorry, had to!

ParabolicInvestor

Here's what I'm seeing. Currently flagging and hitting bottom trendline support. We now have a confirmed uptrend. Watching for volume to re-enter.

ParabolicInvestor

Jumping the gun a little early here --- but I think this may be the trajectory. It's building a big handle and will likely see higher highs, although I think we need to see a move to the bottom of the "handle" before we do.

ParabolicInvestor

This is an update to the BCH parabola I posted before. It continues to struggle and will likely see lower lows.

ParabolicInvestor

Everyone is in a panic over the BCH manipulation, but the BTC uptrend is entirely intact. In fact, the next weekly candle should likely be a full retrace of the one we're about to close here. You cannot use linear lines to judge parabolic zones: they must be curved.

ParabolicInvestor

Extreme short term parabolic move being entirely retraced.