Not quite.
However....
if btc loses $45k, we fall down to the next swing (green box around $30k). The last parabolic party ended when BTC corrected 47% from the top. This fall would be 50% from the top. you will definitely see a nice bounce back but it wouldn't create new ATH... it will fall to doom, 80% correction total from the very top of ATH. there is a chance it holds at $37k, but $37k is last line of defense if $45k fails. you've been warned
However....
if btc loses $45k, we fall down to the next swing (green box around $30k). The last parabolic party ended when BTC corrected 47% from the top. This fall would be 50% from the top. you will definitely see a nice bounce back but it wouldn't create new ATH... it will fall to doom, 80% correction total from the very top of ATH. there is a chance it holds at $37k, but $37k is last line of defense if $45k fails. you've been warned
Comment:
i warned my discord group about this on April 17th. s3.tradingview.com/s...shots/q/qAo8dAUm.png