BTC has closed a 4 day candle back below the trend line and I am using the parabolic tool to show the downtrend I think it will respect
the top yellow line - BTC/LONGS chart
when LUNA and CELCIUS network went down, there was a massive amount of BTC longs put into the market and it flat lined. Celsius longs were taken out in profit but the LUNA longs are still under water at this time.
I expect the those to get removed really quickly... even at a 2x leveraged long the liquidation point should be around 14k. If they hold and if they get liquidated there will be a bounce at the 12-14k mark
You can see that when the banks get taken out the price of crypto rises... this means that if we have a huge shift in bank failures soon then the crypto will go crazy, but based off the 4 year cycle i still expect it to drop to at least 9.8k
the top yellow line - BTC/LONGS chart
when LUNA and CELCIUS network went down, there was a massive amount of BTC longs put into the market and it flat lined. Celsius longs were taken out in profit but the LUNA longs are still under water at this time.
I expect the those to get removed really quickly... even at a 2x leveraged long the liquidation point should be around 14k. If they hold and if they get liquidated there will be a bounce at the 12-14k mark
You can see that when the banks get taken out the price of crypto rises... this means that if we have a huge shift in bank failures soon then the crypto will go crazy, but based off the 4 year cycle i still expect it to drop to at least 9.8k
KRJcrypto