ive done my research. Parabolic movements go down 85-95% from ATH. BTC is likely to hit the 85% mark so that would be 3k usd. Which is very possible.
Looking at past examples of parabolic movements of BTC in 2014, 2011. BTC did have 85% retraction from ATH. The bull trap shown in the chart is there on every year Bitcoin has gone parabolic.
Good luck yall
Looking at past examples of parabolic movements of BTC in 2014, 2011. BTC did have 85% retraction from ATH. The bull trap shown in the chart is there on every year Bitcoin has gone parabolic.
Good luck yall
Note
If 6.5k doesnt hold, buy around 5.7k and sell on the bull trap @ 11.5kNote
if it breaks yellow trendline, sell your shitNote
Update tot he current situation: Note
Note
trendline broke pretty fast, ''target'' still the sameNote
Note
This is it. I dont believe we will got any higher than what the current high was. 3-4k target
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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.