Good day,simple as that.This parabolic rise out of nowhere without any retracements is 95% a B wave in a bear market.
Remember,there isn't a bull market untill we breake previous ATH.
If you wish to buy now after a 250% parabolic upward move without any good pullback ~ 30-40%,keep doing that.
Look left,since inception,bitcoin always retouched weekly 20 ema.If you think this time it's different - i have bad news for you.
Keep yelling to the moon,BTC 100k in december,Bitcoin halving next year,Institutional money accumulating,You'll never buy btc cheaper ever,etc. If you are dumb.
RSI weekly divergence,daily also.
Either it drops to 6.1~6.6k at least and touches that Weekly 20 EMA,holds it and bounces with nice volume = means we are in a new cycle,if it goes parabolic to 12.7k and above then i wouldn't risk having any position in crypto at all.
Remember,there isn't a bull market untill we breake previous ATH.
If you wish to buy now after a 250% parabolic upward move without any good pullback ~ 30-40%,keep doing that.
Look left,since inception,bitcoin always retouched weekly 20 ema.If you think this time it's different - i have bad news for you.
Keep yelling to the moon,BTC 100k in december,Bitcoin halving next year,Institutional money accumulating,You'll never buy btc cheaper ever,etc. If you are dumb.
RSI weekly divergence,daily also.
Either it drops to 6.1~6.6k at least and touches that Weekly 20 EMA,holds it and bounces with nice volume = means we are in a new cycle,if it goes parabolic to 12.7k and above then i wouldn't risk having any position in crypto at all.