Seems there is another channel here. And if we reference the last move up to 13,200, we could have a good move to at least 12,200. I would not test my luck with 12,300.
I'm seeing ETH and BNB value going down. This can only mean funds are being diverted to the King. With Bakkt testing BTC futures contracts beginning the 22nd, we should see another parabola at least till the 21st. After that, it can correct hard like December 17th when CME & CBOE futures went live.
Classic whale maneuver. We were left shaken. Might have been wise to buy. (Drum and Bass is amazing music.)
BNB has had an amazing ride since December at around $4.10. It has had a parabolic run and is due for some correction before the next move up. There could be a classical H&S forming that could bring it down to close to $20 before a moon shot.
Eye balling the BTC chart using regular trend lines and volume, we see that it is losing steam from the local top. What this means is that we are in the correction phase of the last drive up. Better be cautious longing the corn.
BTC suddenly fell around the same time there was news of regulation from the UK