--bitcoin is returning to parabolic curve line between now and late March. Today's move lower was in general expected...
It is possible "gold" guide line may need to be adjusted to show it returning to parabolic "blue" line earlier than anticipated (mid-March).
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BTC Bottom may be as the price has already made it's regression to blue parabolic curve line. However, indicators such as MACD and others still need time to reset.. Thus price may continue to stick at these lows (creating higher lows) though Mid to Late March at which time we should begin to see a return of the bull and price appreciation, with possible new highs at the end of Q2 (June).
Don't let the market shake you out.
Note
Bitcoin continues to press on the blue trend line, which is acting as support. Looking for this line to hold, this week and next, as a bottom.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.