Swarnava

Bear Market Over? No More dips? parabolic to 100k? ALL IN? LOL

Short
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has made some parabolic move in the last few weeks and went up more than 100%!! Insane right?? Make me feel so 2017!!!
Well, this is definitely Insane to see some cool move from Bitcoin but it went up parabolic which most of the time don't tends to hold!
Also, people are talking Lambos and Yacht make me feel like Europhia! So better bet on alts or Short BTC!
By TA ...RSI is super overbought in daily and weekly!
A correction is coming! Don't get bull trapped!

Q. Correction is cool but is Bear market over?
A: I dont think so! It got hit by a monthly diagonal resistance and I don't think it will be so easy to break it! But rather i think it will be likely a retest of the resistance and FALL. Last Bear market lasted around 670 weeks from ATH and we are just 511 weeks from our last ATH!
Q. No more Dips?
A: Lol definitely lot of dips coming and i am hoping the price to retest the 200 Weekly MA. A dip to $4000-$2950 would be nice buying opportunity!
Q: Parabolic to 100k?
A: The Parabolic move in the last few days has given me a feeling of insider conspiracy of #SAVETHEDICK movement! xD


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.