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