MysteriousPersian

parabolic move, not a good sign

Short
MysteriousPersian Updated   
BITSTAMP:BTCUSD   Bitcoin
BTC has bounced nicely from 6k but the masses are already getting excited and pushing this into a parabolic climb that seems to be capping out slowly (RSi and OBV showing signs of fatigue). Dont get stuck buying at 10k when the max it could still go could be 11k maybe. Then it will most likely retrace to 8 or 9k shortly
Comment:
looks like it might go to 11k with another parabolic move. Then back down
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