BTC current resistance and future parabolic run
As you can see in this chart, BTC has some confluences in resistance with the green parabolic curve and the red down trend line. I'm convinced that if we do fall from here, and IF we have already bottom, the next drop will be the best buying opportunity before the next run up. However, I am currently sitting in a BIG SHORT from 5240 and will ladder more if price has one more small push up because the next fall will be a corrective wave and not another wave for lower low. I don't think BTC will hit the 6000 range though from this continuation without a correction. Moreover, we can see that the purple line is still effective since the 2015 bear market and it is currently preventing BTC from going higher at this price.
Just my thought process.
Just my thought process.
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