BTC - FINDS TRENDLINE RECOVERY
Using FIB extension for price points and parabolic wave baseline for direction, I found an exit strategy for BTC to find the top of Major Elliot Wave 1.
Baseline in green is a continuation of the trendline BTC has been following since 2016. It parabolic which means it will get more and more steep until eventually it wants to curl over its self and recover back to very low levels of support, continuing the Major Elliot Wave.
BITCOIN looks like it can only go up from here if it follows its parabolic wave trendline.
Baseline in green is a continuation of the trendline BTC has been following since 2016. It parabolic which means it will get more and more steep until eventually it wants to curl over its self and recover back to very low levels of support, continuing the Major Elliot Wave.
BITCOIN looks like it can only go up from here if it follows its parabolic wave trendline.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.