Parabolic Envelopes generally carry a 50%+ correction phase. Shout-out to www.bitcoinschmitcoin.com for teaching me everything I know today.
This is not financial advice. TD and Bollinger band indicators both starting to call local top, price movement so far has set this up to be a solid Elliot wave trend where we have seen majority of the price growth on wave #3 which confirms the pattern. Given the bullish activity in the market I doubt we will see a steep correction and I believe that at most we...