The trend is getting parabolic here.
Weird it went so fast.
In comparison to the previous bull run, the current trend is steep.
As you can see at the end of 2015 we started a bull run with the angle of 16 degrees (this is log scale).
The trend maintained like this for almost 1,5 year.
Afterwards, we had a gradual acceleration of this trend speed with the massive FOMO at the end of 2017.
The trend those times was 74 degrees steep.
Right now we started with 16 degrees. It was valid only for over 2 months.
The current trade is quite steep with 47 degrees.
It is possible we go further and end up with over 70 degrees and only afterward we will have a correction.
The second scenario is that we hit $12K and the correction happens.
We think we should fall as low as $9K.
This will be an excellent re-buy opportunity.
Moreover, we observed one of the biggest positive volumes ever happened on BTC .
This means a lot.
What do you think guys of our theory with a trend angels?
Please let us know in the comment section.
Hit a like to support.
Thank you for reading and your time.
but at same time this is going to be a healthy correction not a crash like everyone calling and the bullish trend will resume in only one condition which is not breaking 10600/11000 area must stand for reversal by all means. I hope this helps.
Once the alt season is on the dominance will fall down.