This is for my own self-reflection: The market will ultimately dictate prices according to common sentiment; I personally believe that this sentiment is pessimistic, and as a result will fall to express the outlook.
Based on historical-retracements of Bitcoin Parabolic Phases, I expect an average fall-rate of ~84% from the current Parabolic Uptrend - This has been partially explained below: twitter.com/AaronHynninen/status/1151020139447369728
Ladder-in 40-60. Next bull-market sell 10k-16k^. ROI: 100-400x
Note: Please excuse my horrible technical-analysis, I am not familiar with this application.
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> Downtrend persisted accordingly for ~6 months, expecting a continued downtrend until BUY target is reached in 2020/2021.
Down from $216 Currently sitting $136
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Prepare to ladder in - est. ~120 days.
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Est. June - August (likely August). Watch closely next few months.
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Sell updated to between 3.5K - 6K based on fibonacci retracements (safe-area). The bull-market which proceeds it, should provide opportunities for 9K - 15K.
Buy still at $60 and under. Markets appear to be declining with global economies.
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Read comments.
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Due to a lack of financial knowledge, this opportunity was missed. Education is the most crucial part of trading markets, and I've learnt it's okay to miss opportunities. The market appears to have reversed. Well done to those who caught when the market declined during March, 2020!
This is still a great time to purchase various assets in the industry before the next bull-market run. However, some further signs are needed. The crucial levels are determined based on BTC/USD at around 14K and 20K.
Smaller-cap assets will have a higher rate of return in-comparison to both Bitcoin & Ethereum, although both present great opportunities. Please always conduct your research & due diligence.
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Again, wrong about BTC/ETH having smaller returns - Well done to those who bought early!
Trade closed: target reached
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The price target minimum of 3.5K was reached in April - May, 2021.
@AaronHynninen, Price hit 110usd - Did not hit the target. Now at 320usd. Congratulations to those who purchased, great profit!
Still expecting another decline, US economy has increased through QE stimulus & inflation. Watching both markets closely. Reversal possible, unlikely.
AaronHynninen
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@AaronHynninen, ^^^ Here is an example of how a great opportunity was missed ^^^