This warning is for anyone thinking of FOMO-buying at this late stage.
Remember how Bitcoin went parabolic in late 2017? Remember how I warned about this in a Facebook post on December 24 2017? No? Well then you should have been following me ;-)
The point is, parabolas are always danger signs towards the end of a trend. BNB is nearly at its all-time high and this parabola could well burst through the line, or it could reverse because of the strong resistance. But either way, buying into the last stage of a trend is a dangerous business. If you do it, watch the market carefully for a possible swift and devastating price collapse. Hopefully that won't happen, but you've been warned. For now, I remain long.
But the correction is shallow so far, so I'm still holding. I'll sell if it falls below the support level at $22.
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