<center><img src='https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy81Y2ZlNjBkY2EwYmIxOTM1OTM2ZTliYWU5NzQ5OWNiNC5qcGc=.jpg' alt='Shared From Dlike' /></center> ##### >As Bitcoin’s previous parabolic trend appeared firmly over, now, analysts were preparing to brace for a further major correction which could erase even more of its advances. >For Peter Brandt, the veteran trader who predicted several of BTC/USD’s previous phases, that correction could amount to 80% of the combined cryptocurrency market cap gains. >“While the parabola in BTC was subject to different renderings, the parabola in the total market cap chart was loud and clear. Total cap should correct 80%. Most of the damage of decline will occur to altcoins,” he wrote on Twitter Tuesday. >“Market structure is broken and lower-lows have been set on higher time frames,” investor and regular commentator, Josh Rager, continued. >“There will be smaller bounces in between, but it looks like the trend has changed folks - for the short term,” he added, noting the previous bull market pullback lasted up to five weeks before positive sentiment took over. If this is somewhat correct, then those who are picking these low prices should be the one's to smile eventually. I saw BNB at 25$, that's an amazing pickup price. Yesterday I set my trades to pick up Steem at 0.22$. It hasn't gone that far though, but anyone picking at these prices is a winner. The most important thing right now is to pay attention to everything happening,. Earlier today I read that Kenya banned its banks from doing any betting transactions from customer, that's crazy. Could we get to the point where an order is given that all banks restrict crypto transactions? Will it be possible? What do you think? ##### <center><br><a href='https://cointelegraph.com/news/bitcoin-price-below-95k-could-spark-80-parabolic-advance-correction/amp'>Source of shared Link</a><hr><br><a href='https://dlike.io/'><img src='https://dlike.io/images/dlike-logo.jpg'></a></center>
| post_id | 78,035,211 | ||||||||||||
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| author | mistakili | ||||||||||||
| permlink | bitcoin-price-below-95k-could-spark-80-parabolic-advance-correction-trader-warns | ||||||||||||
| category | dlike | ||||||||||||
| json_metadata | "{"community":"dlike","app":"dlike\/1","format":"html","image":["https:\/\/images.cointelegraph.com\/images\/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy81Y2ZlNjBkY2EwYmIxOTM1OTM2ZTliYWU5NzQ5OWNiNC5qcGc=.jpg"],"url":"https:\/\/cointelegraph.com\/news\/bitcoin-price-below-95k-could-spark-80-parabolic-advance-correction\/amp","body":">As Bitcoin\u2019s previous parabolic trend appeared firmly over, now, analysts were preparing to brace for a further major correction which could erase even more of its advances.\r\n\r\n>For Peter Brandt, the veteran trader who predicted several of BTC\/USD\u2019s previous phases, that correction could amount to 80% of the combined cryptocurrency market cap gains.\r\n\r\n>\u201cWhile the parabola in BTC was subject to different renderings, the parabola in the total market cap chart was loud and clear. Total cap should correct 80%. Most of the damage of decline will occur to altcoins,\u201d he wrote on Twitter Tuesday.\r\n\r\n>\u201cMarket structure is broken and lower-lows have been set on higher time frames,\u201d investor and regular commentator, Josh Rager, continued. \r\n\r\n>\u201cThere will be smaller bounces in between, but it looks like the trend has changed folks - for the short term,\u201d he added, noting the previous bull market pullback lasted up to five weeks before positive sentiment took over.\r\n\r\nIf this is somewhat correct, then those who are picking these low prices should be the one's to smile eventually. I saw BNB at 25$, that's an amazing pickup price. Yesterday I set my trades to pick up Steem at 0.22$. It hasn't gone that far though, but anyone picking at these prices is a winner. \r\n\r\nThe most important thing right now is to pay attention to everything happening,. Earlier today I read that Kenya banned its banks from doing any betting transactions from customer, that's crazy. \r\n\r\nCould we get to the point where an order is given that all banks restrict crypto transactions? Will it be possible? What do you think?","category":"Cryptocurrency","tags":["dlike","dlike-cryptocurrency","steemleo","palnet"]}" | ||||||||||||
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To listen to the audio version of this article click on the play image. [](http://ec2-52-72-169-104.compute-1.amazonaws.com/mistakili__bitcoin-price-below-95k-could-spark-80-parabolic-advance-correction-trader-warns.mp3) Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
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