This chart illustrates the weekly price action of the KAS/USDT pair, showcasing a defined trend with both a green support curve and a red resistance curve, forming a parabolic pattern. Here's a detailed breakdown of the analysis and prediction:
Observations :
Parabolic Structure:
The green line represents the parabolic support, where the price has...
My model to calculate this target is simple.
From 2013 all time highs to 2017's there was a 1500% increase.
From 2017 ATHs to 2021's there was a 300% increase.
Considering the percentage of reduction from ATH to ATH on a logarithmic scale and Bitcoin's scarce nature then I guess that the next increase in price should be about 80% from last ATH. So 70k + 80%...
Really worrying perfect bearish pennant threatening to break down. Be vigilant. Huge spike of DGD also suggests shorting sentiment. I'm waiting till the last second to start shorting positions :(
BINANCE:BTCUSDT
