The past two parabolic surges resulted in an approximate 30-day consolidation period followed by an 80-85% bull break. It appears that support has been established at 9000 and we are beginning our next parabola with a target in the high 16000 range.
Comment:
Still going strong. Expect 12k tonight or tomorrow followed by a few days of consolidation. No red flags unless we drop below 11250. Each of the last two parabolas took 22 days to top out. I would not be surprised to see some front-running of asks after we break 16k and approach the 85% target at 16.8k.