BTC. Crazy hight or warming up for the correction?

1 Ara 2017

Here is what I am watching on the 30min chart. It looks like we may break out up, but this is a high risk trade as there are indications we are very over sold on the other charts. The bigger thing I am watching is the formation of a new log channel. If this new channel continues we will go extremely high and make Tulip Mania look like a drop in the bucket. Basically Tulip Mania on a global scale... but then again, Tulip Mania on a global scale could just work...

1 Ara 2017

Not

Sorry, over bought, not over sold.

1 Ara 2017

Not

1 Ara 2017

Not

1 Ara 2017

Not

We are out. Higher! I did have to adjust/expand the pennant. I was a bit early to the game, but not wrong.

1 Ara 2017

Not

Be careful with this trade. As I said before, it is very high risk and RSI and MACD both say we are very over bought right now.