Bitcoin has historically shown an 85% drawn down from ATH's. ============================== BEARISH / Short - Currently @ 17k, BTC will drawn down another 40% to meet 10k BTC. - Has NOT met the full 85 % draw down
============================== BULLISH / Long Buy orders are in for a 10.2k BTC price. - need to see the full 85% draw down - V Bottom Recovery - 30 Day sideways market
next cycle is not new ATH. maybe another 10 years. markets aren't that simple
XRP-Jonny
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@Stuartm190, agreed. but always fun speculating price with logic.
SwallowPremium
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Very good trading plan. Thanks for sharing! Keep it up!!
XRP-Jonny
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@SwallowPremium, The 85% Draw Down from 475k is the 2021 ATH (70k).
🚀 🚀 🚀 Hate to sound like a moonboy.... BUT....🚀 🚀 🚀 🚀
Tradersweekly
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That would suggest much lower prices from here. Thanks for sharing.
XRP-Jonny
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@Tradersweekly, ONLY if you believe the historic 85% draw down. I do.
UnknownUnicorn10828932
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excellent and promising, i hope it doesn't go lower I recommend you to take a look at rune and aave i was thinking if they could have a bigger move than xrp since they can generate a huge bubble, also the chart can be so good to be true so I'm perplexed can you please tell me what do you think about these two long term targets after btc drop
DominikS
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possible scenario in my opinion, but i think the low will be around 12k
XRP-Jonny
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@DominikS, Agreed. I want to see if i can catch a falling knife around 11.3k, which i believe is the bottom.