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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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...If the dots don't connect, gather more dots until they do...




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Tuesday, February 06, 2018

BITCOIN'S Parabolic Rise & Fall

My previous posts about BITCOIN can be read here.

It has risen and fallen in a classic parabolic manner in the space of just a few short months, and here's where it's currently trading on a monthly chart (as of 12:45 am ET on Tuesday).

There's not a lot more that I can say about it, other than to repeat what I mentioned in my last article, which was that if it broke and held below 10,000, a measured technical move would send it back to its all-time low of 4.2...which is where major support sits.