Parabolic rise in definition according to the price of BTC. I assume a reaction at one of the white ellipse zones, preparing myself to search for a short entry.
Comment:
The image becomes a little blurred. We have not seen a break of the 15800 USD. The price has risen in contrast to the annual all-time high. However, it has not managed to break it sustainably. At the moment, it forms a triangle, which, according to chart technique, leads to rising prices when it breaks through. You can see the working thesis in the picture. If the triangle is broken downwards, it is invalid and the order is closed.
As I predicted two days ago Bitcoin is overheated. At this time everyone was still taking their spacesuit to the cleaners and preparing for their first space flight. Exactly at the point I marked, the price has fallen and is starting to correct. At 15800 USD there are two overlapping fibo levels. As soon as we break 15800 USD, the Bitcoin price will fall towards the ground faster than the tears of all the moonboys are pulled towards the ground by the force of gravity. The target is in the range of 13500 USD to 12000 USD, a very nice support zone that is suitable for re-buying.