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Bitcoin Parabolic Support Line Broken, To Confirm As Resistance

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Bitcoin (COINBASE:BTCUSD)  
CoinChartist  
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTCUSD BTC BTCUSDT Bitcoin (Cryptocurrency)
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trendanalysis chartpattern btcusd btc btcusdt bitcoin
Bitcoin has yet to experience the true correction following its parabolic rally. It needs to confirm the parabolic support line as resistance. Once it does, it is rejected fiercely with potential downside targets at: $8000, $7,200, and $5,800.

I recently left BitMEX after the recent fiasco to trade $BTC on PrimeXBT - primexbt.com?signup=766...
CoinChartist is run by Tony "The Bull", a level 3 CMT student & technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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