Bitcoin is going through an unsustainable Parabolic curve. While everyone is greedy and in a state of euphoria history has shown that this is the time to be most cautious. Where is the top? I can’t say, perhaps the 10k (4.236 fib), perhaps 12k or perhaps not. One thing I can say and stress to my followers is that you do not want to be left holding the bag when the smart money cashes out.
BTCs previous parabolic curve below.
Ill leave you with some quotes from Mr. Buffett. “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” “The stock market is a device for transferring money from the impatient to the patient.”
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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.