Bitcoin Alternative Setup - Short-Lived Bullish Parabola

2021年5月9日

Yes, this is also possible. I am piggish at my core even if I've been leaning bear (due to the ridiculousness of this market/economy).

Should this setup manifest, it will be because a new ATH is reached this week.

Prepare for a very weird move higher following the ATH. It will look like an actual moonshot to 100k after failing to break down to the line of death, but I believe this will be yet another double fakeout around 67k.

That's right - it will look similar to the first whipsaw that occurred a few weeks back. See my first post about the DUAL BARR setup attached below for details. Ultimately, this would turn into a QUAD BARR Top and then a certain crash.

Both Ethereum, and the Dow Jones, are hinting at this type of crazy-stupid move higher as well, so might even say this is the more likely scenario than my post earlier today.

Who the hell knows, ya know?

-Para-Pig



BITBAY:BTCUSD
BITBAY:BTCUSDT
CAPITALCOM:CIX
TOTAL
ETH
DJI

2021年5月9日

註釋

The timeline on this is not calibrated.. its more for a look into how the structure may materialize.

I do not see such a move lasting longer than two weeks from monday, and even then seems like too many days for this.

Will expect this to begin early this week and end either mid-week or end of week.