Previous parabola's have formed in similar ways with one parabola breaking and a new one beginning after a correction.
With the continuing higher lows and my projected BTCUSD falling wedge breakout at around the $7800-$8000, that would make a 4th touch point and mark a solid beginning in the formation of a new parabola. Whether it continues or not - who knows.... perhaps I'm looking a little too much in to it and should just be happy with the continuing higher lows :)
I'm not trading this as I'm long already but this is just an idea and something to watch. We'll see how it pans out.
Good luck!
Note
A more zoomed out view of the parabola shows a potential melt up to $50k-ish by the end of the year - likely with a solid seasonal correction for Christmas/Chinese New Year as in previous years and likely ending the parabola.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.