Friends, the chart speaks for itself. We saw different patterns play out in the past. Each of them
followed by a parabolic run, due to the deflationary nature of Bitcoin and probably a lot of Tether-printing (combined with a weak dollar).
After touching the parabolic curve in the recent days with a low at ~$27.000, we saw the price climbing back up and making new
All Time Highs (as we speak).
There is enough bullish momentum and not enough liquidity to stop anyone from pumping the price further.
The RSI and other common indicators fail to give us a hint about possible overbought territories.
So we have to trade with the trend.
Please use a tight stop loss if you long this. Respectively, we have a bad Risk/Reward (at least in my point of view).
Let me know what you think in the comments and feel free to appreciate this idea with a like!
cheers,
Ares
followed by a parabolic run, due to the deflationary nature of Bitcoin and probably a lot of Tether-printing (combined with a weak dollar).
After touching the parabolic curve in the recent days with a low at ~$27.000, we saw the price climbing back up and making new
All Time Highs (as we speak).
There is enough bullish momentum and not enough liquidity to stop anyone from pumping the price further.
The RSI and other common indicators fail to give us a hint about possible overbought territories.
So we have to trade with the trend.
Please use a tight stop loss if you long this. Respectively, we have a bad Risk/Reward (at least in my point of view).
Let me know what you think in the comments and feel free to appreciate this idea with a like!
cheers,
Ares
