Bitcoin update: Parabolic
Bitcoin has broken out of the falling wedge (yellow) and flipped the resistance.
i believe the ABC correction is finished and the low has been put in, completing wave 4.
I scrapped the linear line connecting the bottoms of both wedges in my previous analysis and i think the parabolic curve fits better.
we have broken past the 0.618 fib and i believe once we break the 0.786 we will test and break the ATH.
i will be watching the 1.618, 2.618, 3.618 fib levels if we break the upper white line and ATH.
BITCOIN IS LOOKING REALLY BULLISH!
i believe the ABC correction is finished and the low has been put in, completing wave 4.
I scrapped the linear line connecting the bottoms of both wedges in my previous analysis and i think the parabolic curve fits better.
we have broken past the 0.618 fib and i believe once we break the 0.786 we will test and break the ATH.
i will be watching the 1.618, 2.618, 3.618 fib levels if we break the upper white line and ATH.
BITCOIN IS LOOKING REALLY BULLISH!
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