The weekly parabolic SAR is about to turn bearish for the first time in almost a year. It previously turned bearish in December 2017 at the peak of the market and again in August of 2018 before the 50% fall from $6k to $3k. It also turned bullish right before the breakout above $4k and subsequent 250% rally to $13,800. It is an insanely accurate momentum and direction prediction tool.
A new weekly candle will open in a few hours at midnight UTC cementing the new parabolic SAR support point at $10,313. Once this $10,313 price point is broken the weekly parabolic SAR will officially turn bearish for the first time in almost a year. I will be updating this idea in the thread below throughout the week as the parabolic SAR turns bearish and will follow the subsequent price action which will likely be to the down side.
Like and Follow to stay updated.
*Not Financial Advice*
A new weekly candle will open in a few hours at midnight UTC cementing the new parabolic SAR support point at $10,313. Once this $10,313 price point is broken the weekly parabolic SAR will officially turn bearish for the first time in almost a year. I will be updating this idea in the thread below throughout the week as the parabolic SAR turns bearish and will follow the subsequent price action which will likely be to the down side.
Like and Follow to stay updated.
*Not Financial Advice*
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