Technically, we're working on our third red daily candle now. We didn't even drop 25% from the top yet. I'm hoping we drop more. A 30-35% drop would be typical, but even a larger decline to the test the log uptrend would be totally normal in this kind of trend.

Parabolic rallies tend to be incredibly volatile and full of whipsaws that punish traders in both directions. You can either HODL or you can scalp if you're a skilled trader. Swing trading at this velocity can be tough unless you hold out for a real deep correction to buy. A drop into the $8,000s would be a real gift right now. I'm very bullish, but I've got no longs here. I'd rather see bulls shaken out before I put any more risk on. If I'm wrong and we go straight up from here, at least I've got my spot coins.