In the previous bull market, we see many parabolic projections, and market sentiment is starting to return. Parabolic like this:
Looks pretty ridiculous right? Well not for crypto, there have been plenty of 10x, 20x, and even 100x moves. Yeah, but what about outside of crypto? Are such projections realistic? Well, you tell me.
Interesting charts for comparison purposes. If Facebook remains the premiere social networking website, it looks like there is still a long way that it can go.
As to what I see today, it is still a bit early to see what BTC will do out of this consolidation range, however we are seeing a BTC bounce right off the white trendline from July and possible double bottom on RSI.
