The last consolidation period had one touch of the trendline and then breakout. If Bitcoin is still parabolic, then the consolidation period may be ending soon if we draw a new trendline with a higher slope.
On the flip side, If Bitcoin does not break out next week, then it is at risk of going to about 40k to test the lower trendline.
All my opinion. Good luck.
On the flip side, If Bitcoin does not break out next week, then it is at risk of going to about 40k to test the lower trendline.
All my opinion. Good luck.
Comment:
See newest idea.
Comment:
Nvm, looks like this idea might be right. Breaking out.