{"id":381662,"date":"2019-05-11T00:01:25","date_gmt":"2019-05-11T00:01:25","guid":{"rendered":"https:\/\/wncen.com\/?p=381662"},"modified":"2019-05-10T20:02:14","modified_gmt":"2019-05-10T20:02:14","slug":"bitcoin-price-parabola-broken","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/","title":{"rendered":"Time To Short? Recent Bitcoin Price Parabola Broken Despite Continued Climb"},"content":{"rendered":"<p>The <a href=\"https:\/\/wncen.com\/2019\/05\/10\/bitcoin-blips-past-6300-in-jaw-dropping-move-whats-next\/\">current ongoing Bitcoin rally<\/a> has bulls and bears alike in complete disbelief, due to the crypto market leader not only continuing to climb <a href=\"https:\/\/wncen.com\/2019\/05\/08\/bullish-crypto-community-in-shock-over-recent-bitcoin-price-resilience\/\">in the face of negative news<\/a>, and even though it is facing extremely powerful overhead resistance that is the result of the price level playing support throughout the bear market.<\/p>\n<p>Since the <a href=\"https:\/\/wncen.com\/2019\/04\/04\/bitcoin-price-rose-more-in-one-hour-than-last-two-months-combined\/\">early April surge<\/a> that kicked off the bullish rally, <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> has once again gone parabolic. According to crypto analysts, that parabola has now been broken, and a pullback is long overdue.<\/p>\n<h2>Bitcoin Price Goes Parabolic Once Again, Where Does The Break Take Us?<\/h2>\n<p>Starting with the break of resistance at $4,200 that took the price per BTC upward by <a href=\"https:\/\/wncen.com\/2019\/04\/04\/bitcoin-price-rose-more-in-one-hour-than-last-two-months-combined\/\">nearly $1,000 in an hour<\/a>, the asset has gone full blown parabolic and has most ready to believe the early stages of a bull market have begun.<\/p>\n<p><a href=\"https:\/\/wncen.com\/2019\/05\/03\/is-the-bottom-in-bitcoin-price-btc-has-nearly-doubled-since-bear-market-low\/\">Bitcoin has since nearly doubled<\/a> from its December 2018 bottom, and has rallied from $5,000 to $6,400 without any significant retracement, even in the face of the worst Tether FUD yet, and a<a href=\"https:\/\/wncen.com\/2019\/05\/09\/binance-hack-marks-6th-largest-in-crypto-history-lost-bitcoin-recouped-in-47-days\/\"> hack of the world\u2019s largest exchange<\/a> by trading volume, Binance.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/05\/10\/crypto-analyst-bitcoin-macd-histogram-more-extended-than-during-previous-bull-cycle\/\">Crypto Analyst: Bitcoin MACD Histogram More Extended Than During Previous Bull Cycle\u00a0<\/a><\/strong><\/em><\/p>\n<p>But parabolic advances cannot last forever, as the height of the December 2017 hype bubble has shown us, which took the price of Bitcoin skyrocketing towards $20,000. Like $20,000, Bitcoin\u2019s parabolic trend line that has been supporting the advance thus far, has now been broken.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a><\/p>\n<p>Parabola broken<br \/>Looking for short-term shorts once we lose the last &quot;base&quot;<\/p>\n<p>I&#39;ll keep you updated. <a href=\"https:\/\/t.co\/dhZo7eSARg\" rel=\"nofollow\">pic.twitter.com\/dhZo7eSARg<\/a><\/p>\n<p>&mdash; Livercoin (@Livercoin) <a href=\"https:\/\/twitter.com\/Livercoin\/status\/72730880?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 10, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The break hasn\u2019t caused any significant downside, but then again, nothing has been able to stop Bitcoin\u2019s recent bullish momentum.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/05\/08\/bullish-crypto-community-in-shock-over-recent-bitcoin-price-resilience\/\">Bullish: Crypto Community In Shock Over Recent Bitcoin Price Resilience<\/a><\/strong><\/em><\/p>\n<p>Still, analysts across the crypto market are expecting the price of <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> to be rejected eventually, causing the price of the crypto asset to go tumbling back toward $5,800 or lower to retest support. Previously, a retest of resistance turned support at $4,200 was being called for, but has all been forgotten as Bitcoin set new 2019 high after high.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The dying moves of a parabolic trend <a href=\"https:\/\/t.co\/Nw6ptZ48g0\" rel=\"nofollow\">pic.twitter.com\/Nw6ptZ48g0<\/a><\/p>\n<p>&mdash; \/\/Bitcoin \ud835\udd75ack \ud83d\udc10 (@BTC_JackSparrow) <a href=\"https:\/\/twitter.com\/BTC_JackSparrow\/status\/95156224?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 10, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While most traders are targeting $6,000, $5,800, $5,500, or lower for Bitcoin\u2019s pullback targets, <a href=\"https:\/\/wncen.com\/2019\/02\/27\/peter-brandt-bitcoin-price-bottom\/\">according to professional career trader Peter Brandt<\/a>, assets that have gone parabolic, once broken, often retrace as much as 80% of the initial advance.<\/p>\n<p>His prediction turned out to be <a href=\"https:\/\/wncen.com\/2019\/02\/27\/peter-brandt-bitcoin-price-bottom\/\">chillingly accurate<\/a>, as once Bitcoin\u2019s all-time high of $20,000 was set, it eventually bottomed out at $3,150 &#8211; is an 84.25% decrease in value.<\/p>\n<p>An 80% decrease from here, would put the price of each Bitcoin at a mere $1,280 \u2013 further than even the most bearish bears are calling for. Given the recent price action, an 80% drop is highly unlikely, however, what goes up must come down eventually, and Bitcoin\u2019s uptrend is far overdue for a correction or at least consolidation. But <a href=\"https:\/\/en.wikipedia.org\/wiki\/Bitcoin\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Bitcoin<\/a> has continued to shock and awe in recent weeks, and could continue to do so as the disbelief phase rages on.<\/p>\n<pre>Featured image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The current ongoing Bitcoin rally has bulls and bears alike in complete disbelief, due to the crypto market leader not only continuing to climb in the face of negative news, and even though it is facing extremely powerful overhead resistance that is the result of the price level playing support throughout the bear market. Since the early April surge that kicked off the bullish rally, Bitcoin price has once again gone parabolic. According to crypto analysts, that parabola has now been broken, and a pullback is long overdue. Bitcoin Price Goes Parabolic Once Again, Where Does The Break Take Us? Starting with the break of resistance at $4,200 that took the price per BTC upward by nearly $1,000 in an hour, the asset has gone full blown parabolic and has most ready to believe the early stages of a bull market have begun. Bitcoin has since nearly doubled from its December 2018 bottom, and has rallied from $5,000 to $6,400 without any significant retracement, even in the face of the worst Tether FUD yet, and a hack of the world\u2019s largest exchange by trading volume, Binance. Related Reading | Crypto Analyst: Bitcoin MACD Histogram More Extended Than During Previous Bull Cycle\u00a0 But parabolic advances cannot last forever, as the height of the December 2017 hype bubble has shown us, which took the price of Bitcoin skyrocketing towards $20,000. Like $20,000, Bitcoin\u2019s parabolic trend line that has been supporting the advance thus far, has now been broken. $BTC Parabola brokenLooking for short-term shorts once we lose the last &quot;base&quot; I&#39;ll keep you updated. pic.twitter.com\/dhZo7eSARg &mdash; Livercoin (@Livercoin) May 10, 2019 The break hasn\u2019t caused any significant downside, but then again, nothing has been able to stop Bitcoin\u2019s recent bullish momentum. Related Reading | Bullish: Crypto Community In Shock Over Recent Bitcoin Price Resilience Still, analysts across the crypto market are expecting the price of Bitcoin to be rejected eventually, causing the price of the crypto asset to go tumbling back toward $5,800 or lower to retest support. Previously, a retest of resistance turned support at $4,200 was being called for, but has all been forgotten as Bitcoin set new 2019 high after high. The dying moves of a parabolic trend pic.twitter.com\/Nw6ptZ48g0 &mdash; \/\/Bitcoin \ud835\udd75ack \ud83d\udc10 (@BTC_JackSparrow) May 10, 2019 While most traders are targeting $6,000, $5,800, $5,500, or lower for Bitcoin\u2019s pullback targets, according to professional career trader Peter Brandt, assets that have gone parabolic, once broken, often retrace as much as 80% of the initial advance. His prediction turned out to be chillingly accurate, as once Bitcoin\u2019s all-time high of $20,000 was set, it eventually bottomed out at $3,150 &#8211; is an 84.25% decrease in value. An 80% decrease from here, would put the price of each Bitcoin at a mere $1,280 \u2013 further than even the most bearish bears are calling for. Given the recent price action, an 80% drop is highly unlikely, however, what goes up must come down eventually, and Bitcoin\u2019s uptrend is far overdue for a correction or at least consolidation. But Bitcoin has continued to shock and awe in recent weeks, and could continue to do so as the disbelief phase rages on. Featured image from Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":381667,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,37663,679,6664,38889,17269],"class_list":["post-381662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitcoin-jack","tag-bitcoin-price","tag-crypto","tag-livercoin","tag-peter-brandt"],"acf":[],"yoast_head":"\n<title>Time To Short? Recent Bitcoin Price Parabola Broken Despite Continued Climb<\/title>\n<meta name=\"description\" content=\"Since the early April surge that kicked off the bullish rally, Bitcoin price has once again gone parabolic. Analysts say that parabola has now been broken.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Time To Short? Recent Bitcoin Price Parabola Broken Despite Continued Climb\" \/>\n<meta property=\"og:description\" content=\"Since the early April surge that kicked off the bullish rally, Bitcoin price has once again gone parabolic. Analysts say that parabola has now been broken.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/\" \/>\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=\"2019-05-11T00:01:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-10T20:02:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"5669\" \/>\n\t<meta property=\"og:image:height\" content=\"3780\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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 &quot;El Toro&quot; 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:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Time To Short? Recent Bitcoin Price Parabola Broken Despite Continued Climb\",\"datePublished\":\"2019-05-11T00:01:25+00:00\",\"dateModified\":\"2019-05-10T20:02:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/\"},\"wordCount\":496,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg?fit=5669%2C3780\",\"keywords\":[\"bitcoin\",\"bitcoin jack\",\"bitcoin price\",\"crypto\",\"livercoin\",\"Peter Brandt\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/\",\"name\":\"Time To Short? Recent Bitcoin Price Parabola Broken Despite Continued Climb\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg?fit=5669%2C3780\",\"datePublished\":\"2019-05-11T00:01:25+00:00\",\"dateModified\":\"2019-05-10T20:02:14+00:00\",\"description\":\"Since the early April surge that kicked off the bullish rally, Bitcoin price has once again gone parabolic. Analysts say that parabola has now been broken.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg?fit=5669%2C3780\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg?fit=5669%2C3780\",\"width\":5669,\"height\":3780},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Time To Short? Recent Bitcoin Price Parabola Broken Despite Continued Climb\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"El Toro\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.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:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Time To Short? Recent Bitcoin Price Parabola Broken Despite Continued Climb","description":"Since the early April surge that kicked off the bullish rally, Bitcoin price has once again gone parabolic. Analysts say that parabola has now been broken.","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:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/","og_locale":"en_US","og_type":"article","og_title":"Time To Short? Recent Bitcoin Price Parabola Broken Despite Continued Climb","og_description":"Since the early April surge that kicked off the bullish rally, Bitcoin price has once again gone parabolic. Analysts say that parabola has now been broken.","og_url":"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-05-11T00:01:25+00:00","article_modified_time":"2019-05-10T20:02:14+00:00","og_image":[{"width":5669,"height":3780,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg","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:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Time To Short? Recent Bitcoin Price Parabola Broken Despite Continued Climb","datePublished":"2019-05-11T00:01:25+00:00","dateModified":"2019-05-10T20:02:14+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/"},"wordCount":496,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg?fit=5669%2C3780","keywords":["bitcoin","bitcoin jack","bitcoin price","crypto","livercoin","Peter Brandt"],"articleSection":["Bitcoin","Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/","url":"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/","name":"Time To Short? Recent Bitcoin Price Parabola Broken Despite Continued Climb","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg?fit=5669%2C3780","datePublished":"2019-05-11T00:01:25+00:00","dateModified":"2019-05-10T20:02:14+00:00","description":"Since the early April surge that kicked off the bullish rally, Bitcoin price has once again gone parabolic. Analysts say that parabola has now been broken.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg?fit=5669%2C3780","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg?fit=5669%2C3780","width":5669,"height":3780},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Time To Short? Recent Bitcoin Price Parabola Broken Despite Continued Climb"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"El Toro\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.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:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Time To Short? Recent Bitcoin Price Parabola Broken Despite Continued Climb","url":"http:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-parabola-broken\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg?fit=5669%2C3780"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin jack","bitcoin price","crypto","livercoin","peter brandt"],"dateCreated":"2019-05-11T00:01:25Z","datePublished":"2019-05-11T00:01:25Z","dateModified":"2019-05-11T00:01:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Time To Short? Recent Bitcoin Price Parabola Broken Despite Continued Climb\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-parabola-broken\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-parabola-broken\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg?fit=5669%2C3780\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin jack\",\"bitcoin price\",\"crypto\",\"livercoin\",\"peter brandt\"],\"dateCreated\":\"2019-05-11T00:01:25Z\",\"datePublished\":\"2019-05-11T00:01:25Z\",\"dateModified\":\"2019-05-11T00:01:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-parabolic-parabola-break-crypto-shutterstock_793954177.jpg?fit=5669%2C3780","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/381662"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=381662"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/381662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/381667"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=381662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=381662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=381662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}