BitcoinUpdated bitcoin please give us a healthy correction
Current price discovery is not really healthy or sustainable. I would hate to see bitcoin top at 35k and spend the next two years doing nothing. If the trend continues with parabolic advancement, I would likely start taking profit at 30k-35k. Again, this is the immediate price action (within 2 weeks). If bitcoin flash crash 30%, I would be more than happy to let that happen and do nothing.
Note
On second thought, after looking at Tesla's three parabolic bull run this year (which likely to continue next year), I think the whole idea of "top" after one parabolic run (like 2017) seems invalid. Still, risk management is the key.
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