Bitcoin Ready for another Parabolic Rally.

Hello guys,

I believe those waiting for BTC at 5k and 6k will likely miss this present BTC rally, anyway, next action will be to hunt for re-test of major level and flow with the rally, if this happen we may likely have a re-test towards 8k9-8k4.

I dont see anything below those range as the volume and everything look so good for BTC after a surprised move of almost 40% within 24hours.

Important things to note from the chart:
1. Zone separator which separate Bull market and Bear Market.
2. Potential Parabolic setup which happen after the bounce during 3k zone.
3. Immediate Resistance trendline
4. Potential ISHS formation.

All these are my findings and I hope this will be useful for someone. See this as just an analysis not a trading idea.

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Thank you

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Quick look on weekly timeframe, infact this is more than great bounce.

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Guys

I doubt a dump towards 8400$ again, we closed the week greatly and with this type of candle I don't see us going all the way down towards 8400$ anymore.

Best re-test could be 9000$-8750$

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Here I try to identify possible buy back zone with weekly chart, it show we still have some more indepth opportunity towards 8200$, but am not really sure of this with lots of support before the level.

Level to take note are:
9000$-9100$
8600$-8700$
8200$-8300$

I hope this update will assist someone in making good trading decision, but overall this BTC look seriously bullish.

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