Bitcoin's possible moves to its fall target
Here I compare price behavior in two types of intervals whilst comparing the 2014 & 2018 bear marketing starting from the new year.
Jan-Oct 2014 bear market:
Jan-Oct 2018 bear market:
Jan-Oct 2014 bear market:
- Red periods averaged 11.4% moves whilst Purple periods averaged 12.2% moves (from period candle close to close).
- Red periods saw twice as well downward moves, meanwhile Purple periods were 3.5x likely to be downward moves.
Jan-Oct 2018 bear market:
- Red periods averaged 22% moves whilst Purple periods averaged 30% moves (from period candle close to close).
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