I know everyone is getting all excited about the parabolic move in bitcoin, but if you know anything about financial instruments then you realize this euphoria in such a short amount of time is not actually a healthy thing.
Yes, the headlines are catching everyone’s eye as CNBC talks about it everyday and money is flooding into Coinbase, but the last thing we need is Mom and Pop to start buying bitcoin now and this bad boy nosedive 40%.
Unfortunately, that is what we are setting up for with a daily, weekly, monthly chart that is straight up! We need a healthy rally and correction. A 45 degree angle on a weekly/monthly.
So 