Bitcoin up $1000 in two days
This is what a parabolic chart looks like.
It's been a steady rise that's gone absolutely insane. At the high of $5866 earlier today it was up $1000 in two days and it's still up more than $800 in that time.
Technically, it's a simple breakout above resistance. The September high of $4921 broke and $5000 quickly gave way and it set off a explosion of buying.
What a ride. The latest jump came on talk that China could reverse the ban on exchanges. The market cap is almost $100 billion now.
If you're interested, he's a guide on how to buy Bitcoin and Ethereum as simply and securely as possible.