According to TA, a parabolic trendline broken projects a 80% decline from the swing high and therefore would project a price target of $2800 for Bitcoin...
Note
Bitcoin has retraced down to $9k from $14k so far. Once Bitcoin drops below $9k, I expect a significant sell off down to $7k.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.