I'm not going short right now into a parabolic trend but going long...? Might sit this one out until we break 10k and close a weekly above it to establish support.
61.8% fib is near 5000. HVNs drop off pretty significantly soon thereafter. In the low $4900s theres none left. There's a few nodes of support at $4,800, but it's not huge. Break that and it appears to be a straight shot back to $4k.
Conclusion: I'll open shorts below $4900.
Likely Result: we'll find support there and go straight to $6k. One way ticket to...
