BTC at important parabola support

2021년 9월 22일

I got this idea from Bullbearish (see related idea). Saw these longer term lines just now. Seems we're currently still holding support but if this breaks it will likely not be pretty.

2021년 9월 22일

노트

Not sure if I'm even drawing them correctly though, but maybe something worth considering.

2021년 9월 22일

노트

Reaction seems strong and until this highlighted range is broken to the downside I expect further upside because it looks like a perfect way to trap shorts

2021년 9월 22일

노트

Buyers seem strong still, CVD seems bullish, support holds pretty well, and it looks like many people are trying to short this. The only thing I'm not too fond of is the general shape of the pattern

2021년 9월 23일

노트

Had actually drawn it a little bit cleaner:

2021년 9월 28일

노트

Second time we hit the parabola support now, it rebounded ... will we go up for now?

2021년 11월 26일

노트

We're back again, currently on/just below the support. Doesn't look too good right now, waiting for some closes below on larger timeframes or a potential bounce

2021년 12월 4일

노트

Still proving useful, as you can see