Here is present a detailed video explanation of my parabolic analysis of BItcoin, showing we are in a flag pole breakout to 45k with an actual target of $49,000 in this move by January.
Leave a like if you agree please
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Adding to BTC at 36400 here on the fake XRP ETF news dump
Trade closed: stop reached
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You can thank that XRP scammer and an extremely bullish CPI print for ruining confidence in BTC short term to stop this going more bullish immediately. Such is the nature of the markets.... so changeable lol. I'm out, waiting for 36500 low of the 4hr cycle to get tagged before reconsidering any plays.
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Market structure breaking down, could possibly hit 30k if any of prior lows in uptrend go
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Re-entered at 35300 stop at 4 hr low. Looking to take out 38,000
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Roaring back inside the rising wedge fake break. Nice improved entry for me at the 35300 level
Trade closed manually
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Profits taken at 44000
Trade closed: target reached
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Out at 48k, looking to re-buy sub 42k, probably big dump today (expected etf announcement day)
Great analysis and explanation! Yes, this will keep generally going up until the ETFs are officially approved, then we may see a large correction, followed by even higher prices next year after the halving. PS. Would you analyze Tezos XTZ/USD and also perhaps Ripple XRP/USD?
breakoutfakeout
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@mikroland hi thanks for the kind words. sorry I don’t have time to do the analysis of those things. I’m Just focused on btc and eth at the moment In crypto as I’m heavily into the wider markets other than crypto. Will perhaps do xrp at some point
Yes, this will keep generally going up until the ETFs are officially approved, then we may see a large correction, followed by even higher prices next year after the halving.
PS. Would you analyze Tezos XTZ/USD and also perhaps Ripple XRP/USD?