Bitcoin: BTCUSD In touching distance now from ParabolaBITCOIN: BTCUSD The Parabola
Price was 7181 nearly 5 hours ago and it's 7169 now, just
managing to hold above the nearest support line at 7150
Bitcoin certainly has turned dead (remember the end of Carrie?) -
but we know it's just pretending. Amazingly the low today put
it within 24 points of the parabola, which is rising at a hell of
a lick and is at 7080 right now, rising by 6 points every hour
now, and becoming ever steeper, as all parabolas must to
remain parabolas...not really getting too excited by it and
have no strong clue whether it will mean anything on a test of
7080, which should happen if/when 7150 gives way...just that
it will be interesting to watch a big parabola in play, just to
see if it's nothing more than a pretty pattern, or as with
dynamic supports and resistance lines, they really are for
real, just invisible to the blind and unitiated.
