Bitcoin is parabolic $49,000 target!!

By breakoutfakeout
Updated
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.

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Trade active
Adding to BTC at 36400 here on the fake XRP ETF news dump
Trade closed: stop reached
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
Trade active
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
Profits taken at 44000
Trade closed: target reached
Out at 48k, looking to re-buy sub 42k, probably big dump today (expected etf announcement day)
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(buying sub 44 at least)
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