DawkinsHawkins

Predicted parabolic rise modeled from last 2017 Bull Run

Long
BITSTAMP:BTCUSD   Bitcoin
Amazing to see Bitcoin outperform the 2017 Bull Market by such a substantial margin. This is starting to resemble the 2013 Bull Market where the price went parabolic mid-market and experienced a substantial pull-back before continuing on to the ultimate top of that market cycle. It's possible that we could be heading for a similar large correction and we should be ready for such a situation. On the other hand, with institutional investors buying up any and all dips as well as retail FOMO pushing new heights, it's hard to see a sustained pull-back happening amid this type of market frenzy.

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