BTC - Daily - Parabolic Arc
Hello everyone, Andrew here, Parabolic Arc is getting close, set your stops and don't forget to take profits. Parabolic Arc Patterns are bearish and if it plays out, the typical pull back for arcs is 62% to 63% of the Arc. My feeling if this arc plays out, we could get our healthy pull back of 30% to 40%.
Short Term: SHORT (Risky)
Mid Term: LONG
Long Term: LONG
If you're already in bitcoin and your plan is long, don't be alarmed with a possible 30-40% pull back. This is a healthy pull back and we should see several pull backs as we claim.
If you are plaining to trade, the parabolic arc pattern, wait until you get confirmation on the arc breakout (trend reversal). Shorting is very risky because no one know which way we are heading in the short term.
If you plan to buy bitcoin for long term, Cost Average.
I am not an investment adviser, so do your own homework and confirm anyone's analysis. Investing into Bitcoin is highly risky so be careful folks.
If you agree with this call, please like and follow.
Short Term: SHORT (Risky)
Mid Term: LONG
Long Term: LONG
If you're already in bitcoin and your plan is long, don't be alarmed with a possible 30-40% pull back. This is a healthy pull back and we should see several pull backs as we claim.
If you are plaining to trade, the parabolic arc pattern, wait until you get confirmation on the arc breakout (trend reversal). Shorting is very risky because no one know which way we are heading in the short term.
If you plan to buy bitcoin for long term, Cost Average.
I am not an investment adviser, so do your own homework and confirm anyone's analysis. Investing into Bitcoin is highly risky so be careful folks.
If you agree with this call, please like and follow.
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