BTC is currrently tracing a consolidation triangle that will likely break higher pushing BTC towards the $9000 range likely peaking this current parabolic move at around $9500 before any significant correction.
Note
Note
We can see here how the price touched the parabolic trendline and reacted with strong bullish action.Trade closed manually
Pattern failed, parabolic trendline broken and a huge dump followed as can be seen in this updated chart. 7600s support level was very significant now it will become strong resistance.
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Disclaimer
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.