Bitcoin daily chart alert - Prices action goes parabolic - Dec. 17

Jim Wyckoff

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(Kitco News) – Bitcoin-U.S. dollar prices are sharply higher and hit a new record high in early U.S. trading Thursday. Prices have this week gone what is termed parabolic in trading parlance—meaning almost straight up. Bulls are enjoying a price uptrend on the daily chart and are in strong overall near-term technical control. However, the parabolic price move suggests there will be extreme price volatility in the near term—both on the upside and on the downside. Beware and Stay tuned!

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