If Bitcoin gives you a lot of money in a few days, you should be thankful and take it, because if you don´t, Bitcoin will take your money instead.
Every Bitcoin rise repeats the same pattern over and over which i tried to show in my last chart.
But there was a mistake in my old chart.
Bitcoin is in a parabolic move, so it does not make any sense to use a pitchfork in a linear chart.
I corrected the pattern and now we have a logaritmic chart which covers the huge gains we may see in the future.
Today we got a good opportunity too add some longs, but beware! Bitcoin can be a beast and return to the same spot the rally started few weeks ago. Expect dumps until 5500 CNY. Don´t risk beeing liquidated or panic selling.
i do not recommend overleveraged longs for the next few days.