{"id":463324,"date":"2021-05-07T17:31:06","date_gmt":"2021-05-07T17:31:06","guid":{"rendered":"https:\/\/uniquehot.com\/?p=463324"},"modified":"2024-06-11T13:55:36","modified_gmt":"2024-06-11T13:55:36","slug":"broken-parabola-mapping-out-the-bitcoin-bull-market-and-more","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/","title":{"rendered":"Broken Parabola: Mapping Out The Bitcoin Bull Market And More"},"content":{"rendered":"

Bitcoin price<\/a> has been hanging around the mid-to-high $50,000 range for weeks now, with neither side \u2013 bears or bull \u2013 making any headway.<\/p>\n

The sideways action has resulted in a break in the recent parabola, but the typical downside reaction hasn’t arrived. When comparing past bull market cycles and their pausing points using a “parabolic” indicator, the tool confirms that the recent advance has been broken. \u00a0However, it also suggests that the bull market itself might not be over.<\/p>\n

Bitcoin Parabola Is Broken, According To Indicator Designed For Trends<\/h2>\n

Technical analysis<\/a> indicators often involve multiple strategies using the same tool. For example, the Bollinger Bands contract and widen with volatility, but when price passed through the middle-SMA, it can be a powerful buy or sell signal.<\/p>\n

The Parabolic SAR is one of these tools, created by J. Welles Wilder Jr<\/a>. The engineer also created the Relative Strength Index and the Average Directional Index.<\/p>\n

Related Reading | Bears Salivate As Bitcoin Monthly Close Leads To Indecision<\/a><\/strong><\/em><\/p>\n

The Parabolic SAR<\/a> lets traders know where to move their stop losses, \u00a0and when a trend has ended. As the trend grows in momentum, the SAR dots rise or lower with price action. When price action returns to pierce through the dots, it is a signal the trend has stopped and reversed<\/strong> \u2013 hence what the SAR itself stands for.<\/p>\n

Currently, on two-week timeframes, the SAR is suggesting that the trend has ended in Bitcoin. The last two times this happened on the two-week timeframe, it was a long-to-mid-term top.<\/p>\n

\"parablic<\/p>\n

The Parabolic SAR suggests the parabola has been broken on high timeframes | Source: BLX on TradingView.com<\/a><\/pre>\n
Technical Analysis 101 And Why The Crypto Cycle Isn’t Over<\/h2>\n
This lesson on technical analysis<\/a> is only just getting started, however, and soon you’ll get a glimpse at just how subjective it can be.<\/p>\n
The next chart is yet another technical indicator with a wide array of uses. On the same timeframe, there’s several more signals that confirm the uptrend has paused, and downside could be ahead.<\/p>\n
\"TD9<\/p>\n
A red \"1\" signals a new downtrend has started | Source: BLX on TradingView.com<\/a><\/pre>\n
Each time there’s been a red “1” signal on the TD Sequential indicator<\/a>, it has kicked off a decent-length downtrend. The first started the bear market, while the second instance ultimately resulted in Black Thursday. What could come next is anyone’s guess, but it is possible things turn violent.<\/p>\n
Related Reading | Creator Of Flawless Top Indicator Says Bitcoin Isn\u2019t Done, Despite Signal<\/a><\/em><\/strong><\/p>\n
Looking backwards at past Bitcoin bull cycles provides more hope for further upside, however.<\/p>\n
\"parablic<\/p>\n
Bulls could be taking a rest before the final leg up | Source: BLX on TradingView.com<\/a><\/pre>\n
That same Parabolic SAR indicator has always taken a decent-sized pause midway two-thirds way through the cycle.<\/p>\n
If the theory is correct, either a correction or sideways should result from here. But either outcome is likely to include one more wave up before it is all said and done for this market cycle.<\/p>\n
Featured image iStockPhoto, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price has been hanging around the mid-to-high $50,000 range for weeks now, with neither side \u2013 bears or bull \u2013 making any headway. The sideways action has resulted in a break in the recent parabola, but the typical downside reaction hasn’t arrived. When comparing past bull market cycles and their pausing points using a “parabolic” indicator, the tool confirms that the recent advance has been broken. \u00a0However, it also suggests that the bull market itself might not be over. Bitcoin Parabola Is Broken, According To Indicator Designed For Trends Technical analysis indicators often involve multiple strategies using the same tool. For example, the Bollinger Bands contract and widen with volatility, but when price passed through the middle-SMA, it can be a powerful buy or sell signal. The Parabolic SAR is one of these tools, created by J. Welles Wilder Jr. The engineer also created the Relative Strength Index and the Average Directional Index. Related Reading | Bears Salivate As Bitcoin Monthly Close Leads To Indecision The Parabolic SAR lets traders know where to move their stop losses, \u00a0and when a trend has ended. As the trend grows in momentum, the SAR dots rise or lower with price action. When price action returns to pierce through the dots, it is a signal the trend has stopped and reversed \u2013 hence what the SAR itself stands for. Currently, on two-week timeframes, the SAR is suggesting that the trend has ended in Bitcoin. The last two times this happened on the two-week timeframe, it was a long-to-mid-term top. The Parabolic SAR suggests the parabola has been broken on high timeframes | Source: BLX on TradingView.com Technical Analysis 101 And Why The Crypto Cycle Isn’t Over This lesson on technical analysis is only just getting started, however, and soon you’ll get a glimpse at just how subjective it can be. The next chart is yet another technical indicator with a wide array of uses. On the same timeframe, there’s several more signals that confirm the uptrend has paused, and downside could be ahead. A red “1” signals a new downtrend has started | Source: BLX on TradingView.com Each time there’s been a red “1” signal on the TD Sequential indicator, it has kicked off a decent-length downtrend. The first started the bear market, while the second instance ultimately resulted in Black Thursday. What could come next is anyone’s guess, but it is possible things turn violent. Related Reading | Creator Of Flawless Top Indicator Says Bitcoin Isn\u2019t Done, Despite Signal Looking backwards at past Bitcoin bull cycles provides more hope for further upside, however. Bulls could be taking a rest before the final leg up | Source: BLX on TradingView.com That same Parabolic SAR indicator has always taken a decent-sized pause midway two-thirds way through the cycle. If the theory is correct, either a correction or sideways should result from here. But either outcome is likely to include one more wave up before it is all said and done for this market cycle. Featured image iStockPhoto, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":463336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790,6664,4524,76835],"class_list":["post-463324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nBroken Parabola: Mapping Out The Bitcoin Bull Market And More<\/title>\n<meta name=\"description\" content=\"Bitcoin price has been hanging around the mid-to-high $50,000 range for weeks now, with neither side \u2013 bears or bull \u2013 making any headway. The sideways\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broken Parabola: Mapping Out The Bitcoin Bull Market And More\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price has been hanging around the mid-to-high $50,000 range for weeks now, with neither side \u2013 bears or bull \u2013 making any headway. The sideways\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-07T17:31:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:55:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?fit=1254%2C836\" \/>\n\t<meta property=\"og:image:width\" content=\"1254\" \/>\n\t<meta property=\"og:image:height\" content=\"836\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony "El Toro" Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony "El Toro" Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Broken Parabola: Mapping Out The Bitcoin Bull Market And More\",\"datePublished\":\"2021-05-07T17:31:06+00:00\",\"dateModified\":\"2024-06-11T13:55:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/\"},\"wordCount\":462,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?fit=1254%2C836\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"BTCUSDT\",\"crypto\",\"xbt\",\"xbtusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/\",\"url\":\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/\",\"name\":\"Broken Parabola: Mapping Out The Bitcoin Bull Market And More\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?fit=1254%2C836\",\"datePublished\":\"2021-05-07T17:31:06+00:00\",\"dateModified\":\"2024-06-11T13:55:36+00:00\",\"description\":\"Bitcoin price has been hanging around the mid-to-high $50,000 range for weeks now, with neither side \u2013 bears or bull \u2013 making any headway. The sideways\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?fit=1254%2C836\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?fit=1254%2C836\",\"width\":1254,\"height\":836,\"caption\":\"Bitcoin cryptocurrency symbol on yellow balloon. Man hold needle directed to air balloon. Concept of finance risk.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Broken Parabola: Mapping Out The Bitcoin Bull Market And More\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"El Toro\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"El Toro\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/uniquehot.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Broken Parabola: Mapping Out The Bitcoin Bull Market And More","description":"Bitcoin price has been hanging around the mid-to-high $50,000 range for weeks now, with neither side \u2013 bears or bull \u2013 making any headway. The sideways","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/","og_locale":"en_US","og_type":"article","og_title":"Broken Parabola: Mapping Out The Bitcoin Bull Market And More","og_description":"Bitcoin price has been hanging around the mid-to-high $50,000 range for weeks now, with neither side \u2013 bears or bull \u2013 making any headway. The sideways","og_url":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-05-07T17:31:06+00:00","article_modified_time":"2024-06-11T13:55:36+00:00","og_image":[{"width":1254,"height":836,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?fit=1254%2C836","type":"image\/jpeg"}],"author":"Tony \"El Toro\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"El Toro\" Severino","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Broken Parabola: Mapping Out The Bitcoin Bull Market And More","datePublished":"2021-05-07T17:31:06+00:00","dateModified":"2024-06-11T13:55:36+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/"},"wordCount":462,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?fit=1254%2C836","keywords":["bitcoin","btc","btcusd","BTCUSDT","crypto","xbt","xbtusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/","url":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/","name":"Broken Parabola: Mapping Out The Bitcoin Bull Market And More","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?fit=1254%2C836","datePublished":"2021-05-07T17:31:06+00:00","dateModified":"2024-06-11T13:55:36+00:00","description":"Bitcoin price has been hanging around the mid-to-high $50,000 range for weeks now, with neither side \u2013 bears or bull \u2013 making any headway. The sideways","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?fit=1254%2C836","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?fit=1254%2C836","width":1254,"height":836,"caption":"Bitcoin cryptocurrency symbol on yellow balloon. Man hold needle directed to air balloon. Concept of finance risk."},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Broken Parabola: Mapping Out The Bitcoin Bull Market And More"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"El Toro\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"El Toro\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Broken Parabola: Mapping Out The Bitcoin Bull Market And More","url":"http:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?fit=1254%2C836"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","crypto","xbt","xbtusd"],"dateCreated":"2021-05-07T17:31:06Z","datePublished":"2021-05-07T17:31:06Z","dateModified":"2024-06-11T13:55:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Broken Parabola: Mapping Out The Bitcoin Bull Market And More\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/broken-parabola-mapping-out-the-bitcoin-bull-market-and-more\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?fit=1254%2C836\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2021-05-07T17:31:06Z\",\"datePublished\":\"2021-05-07T17:31:06Z\",\"dateModified\":\"2024-06-11T13:55:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Bitcoin-Bubble-Top-Peak-iStock-1227621620.jpeg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/463324"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=463324"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/463324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/463336"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=463324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=463324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=463324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}