BTC Parabola Squared

17 lug 2019

2019 has been a wild ride coming off the lows for the year and moving closer to the 2020 BTC halving moment. How will the market react to the supply shock? Some of this anticipation is likely already built into the current price... likely a little bit overly priced in in the short term... hence BTC is due for a correction out of this parabolic phase. However I believe that the .5 FIB level around 8k will provide sufficient support and a new breed of investors will start to enter the market starting a new, much larger parabolic move bringing us to new all time highs over the next few years. Currently watching the 100 Day MA and the slower 200 day MA to provide more clarity.