JoE

Parabolic advance always ends up crashing

做空
BINANCE:BTCUSDT   Bitcoin / TetherUS
We came up to near $20,000 from the $12,000 breakout of the Cup&Handle pattern, but with a rapid parabolic advance.

Whenever prices change too quickly in a short period, it tends to correct hard.

Right now we're seeing similar pattern happening across the board, gold is also showing a parabolic roll over.

With that said, Bitcoin is still in a bull cycle makes it hard to short. For the moment I'm not engaged in any trade, being patient is also a part of the job.

###NOT FINANCIAL ADVICE###
评论: Double parabolic is rare and is an extremely bearish sign if it did happened like what we are seeing here. Expect a pullback to at least 20k

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Good Job,
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