Previous parabola's have formed in similar ways with one parabola breaking and a new one beginning after a correction.
With the continuing higher lows and my projected BTCUSD falling wedge breakout at around the $7800-$8000, that would make a 4th touch point and mark a solid beginning in the formation of a new parabola. Whether it continues or not - who knows.... perhaps I'm looking a little too much in to it and should just be happy with the continuing higher lows :)
I'm not trading this as I'm long already but this is just an idea and something to watch. We'll see how it pans out.
Good luck!
Comment:
A more zoomed out view of the parabola shows a potential melt up to $50k-ish by the end of the year - likely with a solid seasonal correction for Christmas/Chinese New Year as in previous years and likely ending the parabola.
