Not quite.
However....
if btc loses $45k, we fall down to the next swing (green box around $30k). The last parabolic party ended when BTC corrected 47% from the top. This fall would be 50% from the top. you will definitely see a nice bounce back but it wouldn't create new ATH... it will fall to doom, 80% correction total from the very top of ATH. there is a chance it holds at $37k, but $37k is last line of defense if $45k fails. you've been warned
However....
if btc loses $45k, we fall down to the next swing (green box around $30k). The last parabolic party ended when BTC corrected 47% from the top. This fall would be 50% from the top. you will definitely see a nice bounce back but it wouldn't create new ATH... it will fall to doom, 80% correction total from the very top of ATH. there is a chance it holds at $37k, but $37k is last line of defense if $45k fails. you've been warned
Note
i warned my discord group about this on April 17th. s3.tradingview.com/snapshots/q/qAo8dAUm.png
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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.