BitcoinShort
Terrible fate awaiting bitcoin
The problem with parabolic moves is that there is no strong support established structurally. So you better hope it stops falling at about 11k by making a third touch on the line to form a trendline. If it fails that then unfortunately 5k is where it's headed which lies on the trendline of the previous bear market bottoms.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.