Bitcoin Price Parabola

Bitcoin Price Parabola

Bitcoin price is picking up the pace and has covered almost $20 in some exchange charts. Fibonacci ratio targeting shows there is at least another $20 of upside in the tank.

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Bitcoin Price Analysis

Time of analysis: 15h00 UTC

Bitstamp 1-Hour and 5-Minute Charts


From the analysis pages of, earlier today:

A 1-hour timeframe chart, on the left, and a view of the most recent advancing wave in the 5-minute timeframe chart, on the right.

The 5-minute chart shows price currently correcting before making the next wave to the upside.

The trajectory of the advance, as seen in the 1-hour chart seems to be a straight line, and it is usual for bitcoin price to accelerate into the final fifth wave of advance. We could, therefore, expect to see price go vertical which

Read more ... source: TheBitcoinNews

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