{"id":382984,"date":"2019-05-21T00:01:21","date_gmt":"2019-05-21T00:01:21","guid":{"rendered":"https:\/\/ktsl888.com\/?p=382984"},"modified":"2024-06-11T13:40:08","modified_gmt":"2024-06-11T13:40:08","slug":"bitcoin-price-chart-technical-indicator-gives-5th-ever-parabolic-signal","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-chart-technical-indicator-gives-5th-ever-parabolic-signal\/","title":{"rendered":"Bitcoin Price Chart: Technical Indicator Gives 5th Ever Parabolic Signal"},"content":{"rendered":"
While Bitcoin price<\/a> is struggling with overhead resistance at the moment and taking a much needed breather from its bullish rally that began in early April with a $1,000 green candle, the cryptocurrency may have a lot more parabolic momentum left, according to one specific technical indicator.<\/span><\/p>\n The technical indicator in question has just given its fifth ever \u201cparabolic\u201d signal on the daily, with the previous four times resulting in massive, sustained price increases in the leading cryptocurrency by market cap. Should the indicator be correct, another powerful parabolic run might just be days away.<\/span><\/p>\n Bitcoin<\/a> has a strong penchant for going parabolic once the emerging financial asset starts to pick up bullish momentum. Due to how scare the asset is, FOMO, and the speculation fueling violent volatility, Bitcoin price can rise and fall rapidly without ever taking a pause. <\/span><\/p>\n These unique conditions help Bitcoin price to skyrocket, as was seen in December 2017 when Bitcoin hit its all-time high price of $20,000 before the bubble popped and a bear market followed.<\/span><\/p>\n Related Reading | Analyst: Bitcoin Price Rally Targets Between $12K and $22K Based on BitMEX History<\/a><\/strong><\/em><\/p>\n Prior to that highly-publicized parabolic rise, a technical indicator called the Top Goon X had given its fourth \u201cparabolic\u201d daily signal. Before that, the indicator signaled three parabolic spikes between 2012 and the height of the 2013 Bitcoin bubble.<\/span><\/p>\n The indicator thus far has been correct four out of four times, and the arrows indicated on the chart clearly demonstrate that the signal preceded a massive parabolic rise, taking the price of Bitcoin significantly higher in a short period of time. In fact, each time it occurred, Bitcoin set a new all-time high in the weeks following.<\/span><\/p>\n According to the creator of the technical indicator, the Top Goon X, TradingView author NebraskaGooner<\/a> says that the tool just gave its fifth ever daily \u201cparabolic\u201d signal.<\/span><\/p>\n #Bitcoin<\/a> <\/p>\n Top Goon X has only ever given the "Parabolic" daily signal 5 times.<\/p>\n Those 5 times are marked with an arrow on this chart. pic.twitter.com\/8CQKgmgcK2<\/a><\/p>\n — Nebraskangooner (@Nebraskangooner) May 19, 2019<\/a><\/p><\/blockquote>\nTop Goon X Indicator Signals Bitcoin Price to Go Parabolic Once Again<\/span><\/h2>\n
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