Contrary to many's expectation, bitcoin's parabola began from 3330 as bottom and not 3121. On that basis, the latest dip to 6300, or 7000s on many exchanges form base 4 of this parabola with the blow-off top which we currently are in, set between 9200-9600.
The ideal play in the coming days should be, to use low leverage longs and ride the blow off.
Entry: 7800-7960
Stop loss: 7599
Target: 9200+
Once price attains 9200, it is time to build short position, over a span of few days owing to confirmations. This weekend pump will again create a CME futures GAP with low point at 7175, which the future price will target on the downside. This perfectly coincides with the parabolic curve retracement, which often aims towards base 4 lows, which in this case being 7175-6900.
Kill the noise, do your own due diligence, and stick to the plan, you might as well end up making 6x on this entire cycle with 10x or lower leverage.
The ideal play in the coming days should be, to use low leverage longs and ride the blow off.
Entry: 7800-7960
Stop loss: 7599
Target: 9200+
Once price attains 9200, it is time to build short position, over a span of few days owing to confirmations. This weekend pump will again create a CME futures GAP with low point at 7175, which the future price will target on the downside. This perfectly coincides with the parabolic curve retracement, which often aims towards base 4 lows, which in this case being 7175-6900.
Kill the noise, do your own due diligence, and stick to the plan, you might as well end up making 6x on this entire cycle with 10x or lower leverage.