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It's already April 13, 2024. Since yesterday, #BTC has dropped from around 71,000 to around 66,000.
I've been keeping an eye on BTC's USDT price.
Let's directly analyze and give a proper idea.
First, this morning I urgently advised him to close his position. Reason: This guy is gambling too heavily, with high risk. But he locked his position and didn't close it. I advised him to close, but he refused. So now, I'm determined to make him blow up his position. Even if he doesn't blow up now, I'll make sure he does later, until he loses everything.
Let me first check the ETA indicator for FIL.
I've spelled it out so clearly—BTC is going to drop further. Let's first draw the support levels.
Also, on the 1-hour chart, the EMA 100 is an important support level.
So I've drawn these levels.
Then the Fibonacci retracement, I drew from 71,750 to 65,500.
It looks good. I need to draw additional Fibonacci retracement lines or lower Fibonacci levels.
Alright, I did some analysis. Finally, I came up with this idea.
Trade Idea
Sell BTC/USDT
Entry: Current price
Stop Loss: 71750
Targets: 64900, 64150, 63300
For the last low, we might hit 67600. I've been drawing Fibonacci. We might also see 65536. It could bounce next week. But BTC will crash.
Actually, it's been like this all along. I've given him plenty of chances. Did he close his position? No, he didn't.
He wants to do a side hustle? Then his side hustle is "blowing up his position."
This is my first time posting on TradingView. I know the platform, but this idea isn't for others—it's for that specific person.
He might see this idea and take it seriously.
I'm waiting to see how long he can hold on. He's been saying it will drop all along. Now is the time.
Since you've locked your position, this is my idea.
Blow up your position. 💎