BitcoinMis à jour Top Formation or $10k?
This quick idea is a comparison of the pararbolic 20k top formation of Dec. 2017, and what may be the top formation of the recent parabolic spike with a high currently at 9.1k.
Both exhibit similar characteristics, namely, the double-zig-zag fractal in pink (up-down-up-down), followed by a spike to a final top in purple, followed by a double bottom formation in green. In 2017 this formation was then followed by a 65% precipitous drop. Will price history repeat or will we continue the 5th leg of our EW structure to 10k?
Both exhibit similar characteristics, namely, the double-zig-zag fractal in pink (up-down-up-down), followed by a spike to a final top in purple, followed by a double bottom formation in green. In 2017 this formation was then followed by a 65% precipitous drop. Will price history repeat or will we continue the 5th leg of our EW structure to 10k?
Note
Crypto greed index is now at 80, an all-time high. Rated as "extreme greed." alternative.me/crypto/fear-and-greed-index/Note
Parabolic support broken. Note
Violent sell-off of near 1000 points in a few minutes from the high suggests a top may be in, at least for now. Might expect wild swings of 500-1000 points before a final correction.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.