BTC-USD /LONG

Updated

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

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If 6.5k doesnt hold, buy around 5.7k and sell on the bull trap @ 11.5k

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if it breaks yellow trendline, sell your shit

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Update tot he current situation:

snapshot

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some update on the current situation from my other ideas.

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trendline broke pretty fast, ''target'' still the same

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images-ext-1.discordapp.net/external/JCuFB-t7Q80ACvOwwZtN_23ceYaQ3b9pnTP_VQQ8JjM/https/www.tradingview.com/x/JXsryRwF/?width=1033&height=677

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snapshot

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This is it. I dont believe we will got any higher than what the current high was. 3-4k target

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