Parabolic Curve Theory (PCT) on $BTC

258
OK, so this is more of a note-to-self of what might be coming up with BTC.
The idea consists of Parabolic Curve Theory applied to Bitcoins apparent 3 tier escalading price action. The simplified red wave displays BTCS escalade and current 3-point touch of the curve as we now await a drop to 54K (CME gap fill) which would forcefully consist in the consolidation of base 3. PCT states that a stock price would double between bases 3 and 4, which would put price on the widely forecasted 100K level.
This could mean that the drop to 54K would need to happen from here to April 10th to resume its parabolic climb to base 4 and whatever extra that the momentum, as well as resistance to sell pressure might yield.


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.