PeterLBrandt

Accelerated parabolic advance in Bitcoin

Long
BITSTAMP:BTCUSD   Bitcoin
The red parabola seems to fit the current healthy bull trend. A one-week pennant was completed on Christmas. The market is going up in a way that displays a buying program by strong hands -- that is, not aggressive bids, but market action where all offers are just immediately hit. The black line under the red line is the current parabolic advance on the weekly chart originating at the Dec 2018 low.

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