Tag: Parabola

Bitcoin still has $14K target, warns trader as DXY due ‘parabola’ break

boss

Bitcoin (BTC) held $20,000 into Oct. 5 with trader targets still including a fresh high before rejection. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $21,000 upside target to precede new lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $20,470 on Bitstamp overnight before returning lower. The pair succeeded in maintaining the 2017 old all-time high as support, something on-chain analytics resource Material Indicators had hoped would endure as a positive sign. “BTC is still in a congested range,” it summarized in comments the day prior. “The retest…

It’s Crunch Time For Ongoing Bitcoin Parabola

boss

Bitcoin price has now had one of its largest pullbacks dollar for dollar in history, putting the entire parabolic uptrend in jeopardy, according to one crypto analyst who has warned the top could be near. The analyst, who has been accurate in the past, claims that it is now “crunch time” for the parabola to prove its strength, or risk the start of a violent breakdown. “Crunch Time” For Bitcoin Parabola, As Uptrend Support Line Is Tested An asset that “goes parabolic” is a rare event, occurring when price action…

Career Trader Subtly Hints Of Bitcoin Parabola Breakdown With Fractal Diagram

boss

Bitcoin has fallen below $35,000, and while given the asset’s recent highs sounds like a sizable correction, the price per BTC is still nearly 1000% higher than where it was less than one year ago. After such extreme moves to the upside, often come crashes that eliminate much of the progress made, until the parabola starts all over again. Career trader Peter Brandt has shared a chart that subtly hints that the recent Bitcoin price parabola could begin to break down. The last time he did so, he accurately called an…

Bitcoin Parabola Fractal Shows Its Potential to Retest $20K; Here’s Why

boss

Bitcoin plunged on Thursday, stalling a price rally driven by fears of the US dollar debasement and higher inflation. The benchmark cryptocurrency fell to $16,200 a token, a multi-week low, ahead of the New York trading session. By doing so, Bitcoin also broke below a crucial parabolic support that had offered it a concrete price floor during its relentless bull run in the previous seven weeks. Looking closer, the bubble appeared reminiscent of a structure that the BTC/USD chart formed between March and May earlier this year. The pair similarly…

Traders say $15.5K level ‘crucial’ after Bitcoin price dips below parabola

boss

Over the weekend numerous traders pointed out that Bitcoin (BTC) price broke its parabolic uptrend which had dated back to September. Technical analysts are bracing for a pullback as the dominant cryptocurrency eyes consolidation. Bitcoin could still see a strong recovery after the weekly close if there is a continuation of the rally. But it would need to quickly re-enter the parabola or risk a potential downward correction. Traders pinpoint $15,500 as the key level to maintain the bull run Since early September, Bitcoin has continuously rallied without major corrections. Typically,…

Laws Of Parabola Suggest Surging BAND Crypto At Risk Of Deep Correction

boss

Band protocol may be following in Chainlink’s fiery footsteps, rising nearly 9000% in the last few months. The crypto altcoin has gone fully parabolic, which has rewarded early investors handsomely. However, when parabolic advances break down, they often correct by 80% or more. Is the altcoin headed towards a deep correction, or will the asset simply keep on climbing? Top Crypto Asset Go Parabolic, Past Data Suggests Risk Of Correction Increases By The Day What goes up, must come down. The bigger they are, the harder they fall. So many…

DeFi Token LEND Breaks Parabola Support; More Losses Ahead?

boss

LEND, the native token of non-custodial lending platform Aave, fell almost 40 percent from its year-to-date top of $0.384. The plunge followed a steep 2,000 price rise that occurred amid a hype-oriented boom in the decentralized finance sector. Technical indicators, coupled with a rally in proof-of-work tokens, now suggest that the LEND downtrend may continue. Aave’s LEND token surged by more than 2,000 percent in 2020. But its rally is appearing to come to an end. After topping at near $0.384 earlier in July, the LEND/USD exchange rate corrected lower…

Aave (LEND) Parabola Breaks, Could An Over 80% Correction Follow?

boss

After a substantial, over 675% two-month rally, the altcoin called Aave may finally about to be tamed. A parabolic curve the crypto asset has been following has now been breached, and as we’ve learned from the crypto bubble, a potential 80% or more correction is possible. Is the powerful LEND trend ready to come to a bitter and abrupt end? Aave DeFi Token Defies Gravity With Over 675% Two-Month Rally DeFi tokens have been unstoppable lately, with a new finance-focused altcoin stealing the limelight each passing week. Since the start…

Bitcoin Breaks Parabola With Big Downtrend, a BTC Correction Inbound?

boss

After managing to stay situated above $11,000 for a number of days, Bitcoin (BTC) has begun to slip. This is a far cry from the performance seen earlier this week, with one day seeing Bitcoin post a 20% daily gain. Related Reading: Bitcoin Must Break Above $12,444 Or Else Price Breakdown May Occur, Claims Prominent Analyst However, this rapidly changed when BTC tapped $13,800, failed to break past this key technical level, and subsequently broke down. As of the time of writing this, the cryptocurrency has found itself floundering in…

Bitcoin in Parabola, Real Correction Still Possible –

boss

The past 24 hours for the Bitcoin price have been absolutely absurd. This morning, BTC found itself up by 20% on the day, trying to break past key resistances just shy of $14,000. All this changed though with a rapid flash crash. For those who missed the memo, within a matter of 15-odd minutes, Bitcoin slipped, showing an uncharacteristic bout of weakness in a massive uptrend. In fact, within the aforementioned time span, BTC fell from $13,800 — a year-to-date high — to just under $12,000. As of the time…