BTC will bounce around $8k

BTC's price has been following the same pattern for it's past six retracements. As shown in my past trading view Ideas, I've been pointing this pattern out since BTC's reversal at $2k. I believe this is a continuation of this pattern. The pattern is as follows: BTC follows a 1/3 retracement downward from it's last PPoR (peak point of reversal) followed by a retracement upward to the next peak PPoR 3/5 above the last.

I'm not sure about the speed of recovery or if full recovery is in the cards, though this is a great setup for a play on a seemingly guaranteed BTC bounce. I'm personally looking to buy BTC futures at 8x leverage around $8k. If BTC continues to it's next PPoR, that would result in over a 2,000% gain on the said futures . The reward is clearly much greater than the risk in this play, and if the pattern breaks, it'll be quite easy to tell and likely far before BTC nears $8k again, so in the worst-case scenario, I'll exit accordingly most likely still making a few hundred percent.
"PoR" should read "PPoR". Also, disregard the first "3/5 over PoR" text over the first "3/5 over PoR" text.
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