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    Home»Technical analysis»Bitcoin – 10% crash, pullback is very likely!
    Technical analysis

    Bitcoin – 10% crash, pullback is very likely!

    By TolbertiMarch 21, 2023No Comments
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    • Bitcoin is likely to go down, because this falling wedge is breaking down and also because the impulse wave has been completed!
    • 10% crash is the minimum at this point, but we could go even lower.
    • This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
    • As you can see, we have 2 trendlines , and both of them are breaking down.
    • In my opinion, this trend is already overextended and we should see a bearish retracement.
    • We have a lot of unfilled GAPs below the current price, and usually gaps act like a magnet, sooner or later.
    • This is a quick update on the Bitcoin price; if you want more updates on lower timeframes, make sure you hit the like button right now so I know you are interested!
    • Thank you, and for more ideas, hit “Like” and “Follow”!
    • https://www.tradingview.com/chart/BTCUSDT/HDLkwhb9-Bitcoin-10-crash-pullback-is-very-likely/

     

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    Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.

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