Parabola in Parabloa

6 ก.พ. 2018

Bitcoin is the most volatile asset class and it is only natural to see major pullbacks. The recent down move from 20K -> 6K is the longest one since 2015, for the overall parabloic trend to continue this correction should be steeper and shorter than the correction in 2014/15. Fundamentally, the pullback is partly fueled by governments in order to regulate crypto. This is positive for the longer run.

As for me I am patiently waiting to see a newer parabolic trend to begin.