DSH Parabolic Rise - Trading Idea FunWhat goes up too fast, holds there too short. Short it as f, it will fall like a duck ;) Channel support possible. Moles digging there :D
Parabolicmove
$BTC - on log scales, fractal parabolic growth, & 50k BTCBoth of the major Bitcoin 'bubbles' we went through in 2013 showed parabolic growth when viewed on logarithmic scales. Most probably think we are in a bubble now, and surely we are, but how far into it are we? Was 4500 the ceiling? The big difference between 2013 and now—as you see here on this log-scaled chart of BTC's entire history—is that we have clearly not entered 'parabolic' territory on this scale. That doesn't mean we WILL—after all, we're in uncharted waters here. Who knows how BTC will act this go around, but if the pattern repeats, and we do go more parabolic from here... well, you see the price over there. Is that talk of $50000 per BTC possible, not ten years from now, but maybe... months from now?
$BTCUSD Elliott Wave Technical AnalysisBTCUSD in a parabolic move
Where are we to look for a possible level for a short**
2227 is my level to look for a possible top for wave 3 in the wave up from wave minor 4.
It's too early to say where this parabolic move will end, but parabolic moves normally end with a sudden burst of the bubble.
One of the few Elliott Wave rules says: The 3rd wave can't be the shortest. That's the reason why I have the alt1 and 2 set in. The 3rd wave is already longer than wave 1 therefore there is no limit for the 5th wave up and therefor the parabolic move could still extend and go much further up and make a blowoff top. But for the time being I look for 2227.
I will track BTCUSD 10.18% ongoing. Stay tuned.
Best to your trading
WALLSTScalper.com
René
