Lcho07

BTC Parabolic Trendline Broken

Short
Lcho07 Updated   
BITSTAMP:BTCUSD   Bitcoin
According to TA, a parabolic trendline broken projects a 80% decline from the swing high and therefore would project a price target of $2800 for Bitcoin...
Comment:
Bitcoin has retraced down to $9k from $14k so far. Once Bitcoin drops below $9k, I expect a significant sell off down to $7k.

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