At the moment cryptocurrency seems to be stuck in this perfect positive feedback loop which could very likely lead to a market-wide parabolic move over the next month. We can be fairly certain wave-(c) has ended based on time, price, and channeling rules, structurally we can't be exactly sure if this is the end of the higher degree pattern but it doesn't matter right now because it's still in either case. We've had price action that is stronger than any price action we've had since Jan 2018. The news is improving significantly and getting better every day. There's still plenty of time and momentum left on the higher timeframes. We've retested the channel and resistance-turned-support and support seems to be holding. All things considered there's really not much reason to be here and virtually every reason to be . This feels very similar to early 2017 right before things went parabolic. Also we'll likely see more than one parabolic move if that is the route that this ends up taking again because that would be the beginning of a larger degree advance.
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