BTC Continuation Idea
I looked back at past parabolic peaks which led into downtrends, looked at past moving averages, bounces off of moving averages, the percentage move up and the percentage move down caused by these moving average bounces.
Which made me speculate and come to this conclusion. Every time we bounced off the moving average after a parabolic peak, it was around a 40 to 50% pump up which then led to a 40 to 50% dump. Will history repeat itself? Idk this is just an idea.
Which made me speculate and come to this conclusion. Every time we bounced off the moving average after a parabolic peak, it was around a 40 to 50% pump up which then led to a 40 to 50% dump. Will history repeat itself? Idk this is just an idea.
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