Bitcoin daily chart update! 05/13/19 10:05 pm EST

Another high yet again into a strong 3rd or extended 5th price action. Not sure if we can start calling the moves parabolic, but it sure hints towards vertical rises and the angle of ascent seems to mimic the "free solo" movie. These type of moves are hard to sustain with extreme intensity and while we can definitely climb higher, a sideways breather or a pullback would provide the necessary rest and fuel for the next attack. I have raised the supports to 6852 now and 6330 far lower. For more aggressive traders below 7440 my yellow flags will raise. Like i said many times before , this is not a market to be argued with once it gets going. The sentiment might be considered extreme , but volatile markets can become shockingly powerful, so have your safety nets on. For a more detailed video explanation check my new you tube video under cryptocowboy channel.