billaddison

BTC/USD – 6k ATH, if retrace, then what?

billaddison Updated   
BITFINEX:BTCUSD   Bitcoin
Weekly chart parabolic. Possible retrace scenarios.
Comment:
Retrace at the time was only very minor and we strongly broke through ATH. Given CME news and 2 weeks till hardfork, we're likely heading to at least 7k before any major correction. I'd put 5k as the major support moving forward and reevaluate post hf.
Trade closed manually:
Closing out idea.
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