Warning: This Bitcoin Chart is Pointing to TWO New Targets (good and bad news)
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Warning: This bitcoin chart is pointing to two new targets (good and bad news). In this video we discuss a projection and calculation for bitcoin's long term targets based on an idea from Steve Courtney and also the fibonacci golden ratio level. What could this chart and its potential targets mean for bitcoin? What is the good and bad news for the crypto? We discuss with trader Charlie Burton. #bitcoin #btc #alessiorastani
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Timestamps:
[00:00] Intro
[00:44] The market in 2022
[01:05] The economy today
[01:25] Key to diversification
[02:28] Masterworks
[03:02] Bitcoin all-time highs?
[04:41] First bitcoin calculation for targets
[07:13] How likely is all-time highs now?
[07:54] First potential target for bitcoin
[08:36] Second bitcoin calculation
[09:07] The golden ratio target
[09:23] Combining both methods
[09:58] Charlie Burton's take on the charts
[11:35] The key levels for bitcoin in 2023
[12:10] The "good" news
[12:59] The "bad" news
[13:31] What Charlie Burton provides
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Trading has large potential rewards and also large potential risks. You must be aware of the risks and be willing to accept them. Don't trade with money you can't afford to lose. We are neither an investment advisory service nor an investment advisor. Data and information provided are solely for educational purposes. Nothing in this channel, videos and the information provided in it should be construed as a recommendation to buy or sell stocks, ETFs, futures, indices, forex, cryptocurrencies, commodities or any market. The past performance of any trading system or methodology is not necessarily indicative of future results. Current analysis can change due to future market events. Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated, therefore anyone considering it should be prepared to lose their entire investment.
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