LINK.BTC (Y20.P3.E4).Rare Gems and the Parbolic Curve Pattern

Hi All,

**** This is a continuation of the previous post > LINK-BTC-Y20-P3-E3-TA-on-the-Macro-structure, link below ****

As I am still a junior in this field, I have however learnt something new this week and today to confirm something that just dawned on me, the Parabolic curve pattern.
FYI. I was trying to work out when to sell. Help me if you can?

I don't know much about it besides what I have seen recently on google to know this is it and that it is likely to have 4 base levels.
The issue I have is working out the target.

Some time back (post below) I got the Editor's Picks of the week (and will feature on the page www.tradingview.com/...ideas/editors-picks/). 1st time.
What I didn't know was actually doing a good job at getting the target right (I think, maybe more).
If I had know about this pattern I would have traded it much more successful.

I'm sharing this for others to benefit and to share the thrill of getting things right.

Now if any of you know where I can find out more details about this topic, I would much appreciate it.

For now, I saw a video that stated that the selling point is equal to the Base of (3) x 2.16
If this is correct, then we have 2.16 x 0.00016004 = 0.00034568

and that the Base of (3) x 0.79 with give the base of (4) = 0.0002865

Cheers,
S.Sari

PREVIOUS POST that came to work out OK.

تعليق:

Recently I noticed this as well.

تعليق:

Based on some method I picked up. Here is my guess to the target levels as its a parabolic curve and hence over extension is expected.

تعليق:

Looking at SOLBTC...very similar

تعليق:

تعليق:

this is as perfect as I can make this chart

تعليق:

I have updated this chart to know how parabolic curves behave. To be studied later.
s3.tradingview.com/s...shots/c/C78soNCu.png
s3.tradingview.com/s...shots/l/LMwTUhpC.png