- November 4, 2020
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
I will keep this simple and short. Every two simple parameters are filled, Bitcoin starts a parabolic bull run.
Those are the MA50 making a new High on the 1W time-frame and trading above the 0.786 Fibonacci retracement level. That happened at least back in late 2012 and 2016.
On present day, two weeks ago the 1W MA50 made a new High, while last week the price broke above the 0.786 Fib.
Can BTC hold onto these levels and kickstart the parabolic bull run? Are those alone enough? Feel free to share your work and let me know in the comments section!
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