Parabolic Bitcoin Indicator Points To Dangerous Collapse To Below $20K
Bitcoin price is in a downtrend, after spending nearly a full year in a parabolic uptrend. An indicator bearing the “parabolic” name on monthly timeframes has given a signal, that according to past instances, has always resulted in a catastrophic fall in the top cryptocurrency by market cap. Even if the resulting selloff ends up […]
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Bitcoin price is still trading well above $30,000 after a nearly $5,000 retreat from highs set at the turn of the new year. But during the first decent-sized correction in the cryptocurrency since $20,000 was broken, one “parabolic” indicator could be suggesting that the daily uptrend has been lost. Here’s a closer look at the […]
When Bitcoin rallies, it historically has gone parabolic and blasted off to astronomical prices before each cycle peaks. Recently, rallies have been few and far between, cutting the price per coin down to around $33,000 at the local low. The plummet, however, fell short of tagging a “parabolic” indicator and it could mean that the local bottom is in. Here is more about the Parabolic SAR, the potential signal, and other supporting evidence that the bottom might already be in. Parabolic Uptrend Intact, Says Indicator With 95% Confidence Rate Bitcoin price has repeatedly gone....
The price of Bitcoin has surpassed $14,700 on Nov. 5 as the steep uptrend coincides with several familiar metrics and on-chain data points seen in 2017. From November to December in 2017, the price of Bitcoin (BTC) experienced a parabolic uptrend to a new all-time high at $20,000.There are three reasons Bitcoin might see a similar trend in the upcoming months. First, the post-halving cycle is coming into effect. Second, the relative strength index (RSI) shows room for a bigger rally. Third, the rally is not overheated, at least in the derivatives market.Long-term RSI shows Bitcoin not....
Several recent bullish predictions from seasoned crypto analysts imply that Bitcoin might undergo another massive rally in the upcoming days, which may trigger a move to unprecedented levels. This anticipated move suggests a transformative period for the largest crypto asset as the general market sentiment improves. Bitcoin’s Dynamics Points To A Parabolic Path Considering current […]
Bitcoin price has been in a strong uptrend since Black Thursday that turned fully parabolic in Q4, resulting in a new all-time high. But according to an analyst, the first-ever cryptocurrency is close to a breakdown of a parabolic curve that’s been supporting the upwards momentum for months. Is this the end of the uptrend? […]