Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jackbauercsgo
on 21/10/2019, 15:11:31 UTC
Back to price analysis....

3.5 month parabolic run at the initial stages of breaking down  Shocked

https://www.tradingview.com/x/PtdtsMU7/


And what should we expect from this?

Parabolic breaks almost always lead to

1) Strong retracements back (~85% - 60% if I recall, don't have the stats in front of me atm)

2) Macro trend reversals (think of bitcoin run ups and what happens, like after btc hit $20k)