A comparison between Bank of America and BTC Both experience similar price action (BTC is log, BAC is normal chart) Yet you can see on both the action at the top of the bull move A peak is attained and then quickly rejected from
Not an expert. Not financial advice. Still learning & have never used this indicator before, but it looks like it’s been pretty accurate recently. Is this analysis accurate?
Not an expert. Not financial advice. Am I reading this right? Is FIL/BTC about to take off on its biggest leg up in this current parabolic curve?
OK, so this is more of a note-to-self of what might be coming up with $BTC. The idea consists of Parabolic Curve Theory applied to Bitcoins apparent 3 tier escalading price action. The simplified red wave displays $BTCs escalade and current 3-point touch of the curve as we now await a drop to $54K (CME gap fill) which would forcefully consist in the consolidation...
This is MCX Nickel weekly chart. Price projection is based on Parabolic Curve & Fib Retracement. As mentioned in the chart, At the end-point of Base 3, indicated by the "X" symbol, the nickel could double in the shortest period of time. Targets: 1426 - 1632 - 1778 - 1854 - 1962 ( 2.618 - Based on Fib Retracement ). If nickel breaks the curve line, it can...