Important Momentum2
Updated
Bitcoin , great opportunity again.
A few noticed that it moves on parabolic patterns, almost perfect ones. It reaches a top, then falls again on support lines, them gaining force to overcome previous highs making new parabolic pattern, them falling again, over and over.
A yellow parabolic traced line show 2 possibilities, also a red and green arrow showing there it can reach resistance and support, depending of this important momentum.
>If price continues to go down: a red line support end the parabolic movement, reaching an old time diagonal support, where target price is around $53.860.
>If price goes up: note the red diagonal traced line, showing a previous resistance and after October it became a support where price is exactly dueling right now 17/11/21. So that yellow traced parabolic pattern can reach 0.618 fibo then up to 0.786 where price target is around $76.730.
Also look at RSI , I made a green circle around, a FUNDAMENTAL key to point when to buy BTC . On day metrics, it shows it reached again the bottom, so it could be a buying time again.
I posted recently in 2 languages and got my post banned, but also showed a important momentum for positioning on BTC . I attached the image on the graph. So Again I do believe its a fundamental time.
A few noticed that it moves on parabolic patterns, almost perfect ones. It reaches a top, then falls again on support lines, them gaining force to overcome previous highs making new parabolic pattern, them falling again, over and over.
A yellow parabolic traced line show 2 possibilities, also a red and green arrow showing there it can reach resistance and support, depending of this important momentum.
>If price continues to go down: a red line support end the parabolic movement, reaching an old time diagonal support, where target price is around $53.860.
>If price goes up: note the red diagonal traced line, showing a previous resistance and after October it became a support where price is exactly dueling right now 17/11/21. So that yellow traced parabolic pattern can reach 0.618 fibo then up to 0.786 where price target is around $76.730.
Also look at RSI , I made a green circle around, a FUNDAMENTAL key to point when to buy BTC . On day metrics, it shows it reached again the bottom, so it could be a buying time again.
I posted recently in 2 languages and got my post banned, but also showed a important momentum for positioning on BTC . I attached the image on the graph. So Again I do believe its a fundamental time.
Note
It reached the red line. If it goes further down, it will touch 0.236 fibo, as most time Cryptos do. They dont stop a 0,5 live, neither 0,382 . So it´s a classic crypto correction.Note
Seens its going to go up if it breaks 60k resistanceNote
It just went more down, making a new parabole, seens it is a perfect time to buy again
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