Alpha_54321

BTCUSDT POSSIBLE PARABOLIC CURVE PATTERN

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Alpha_54321 Uppdaterad   
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTCUSDT Possible parabolic curve pattern with 2 bases formed and the third base in progress.

Once price formed base 3 and breakout of the curve happens ,the price start dumping sharply Sometimes price will form another 4th base and the breakout will be deeper.


"The Parabolic Curve Pattern is a powerful chart pattern firstly because the price climbed too high and too fast. This kind of steep climb is not sustainable and a reversal in price is expected whenever this chart pattern occurs"

Good LUck
Kommentera:
BTCUSDT managed to rally up as expected. Large short position liquidation and high volatility where the fuel for this rally.

Good LUck
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