Since it’s low-volume weekend, let’s have some fun with numbers. Imagine this:
- Bitcoin declines 3 times 21%. (= 3x7).
- Each decline lasts 3x7 days = 21 days.
- A total of 3x3 impulse waves.
- If this is correct, liftoff is on 12 Jan from 40.4k.
- That means the bear market lasts 63 days (= 3 times 21).
- The total decline is then 40.4%, or $28k (= 4 times 7).
- Bitcoin declines 3 times 21%. (= 3x7).
- Each decline lasts 3x7 days = 21 days.
- A total of 3x3 impulse waves.
- If this is correct, liftoff is on 12 Jan from 40.4k.
- That means the bear market lasts 63 days (= 3 times 21).
- The total decline is then 40.4%, or $28k (= 4 times 7).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.