BitcoinShort
Date Range Forecasting 50% Retracements
This analysis was a look back at the amount of time any given major upward move has taken to hit 50% retracement after achieving it's high point. To-date, every single major upward/downward move retraced to at least 50% in the same amount of time (or less) as it took to print the highest high/ lowest low. When measuring these moves (above) I used what visually appeared to be start of the move up, from real body of the candles- not the candle tails/wicks. In subsequent analysis I've started measuring the moves more precisely (see below). Past performance not indicative of future results. ...etc.
Click the "share" button and then "make it yours" to view all the other past moves and subsequent 50% retracements, it's compelling. As always comments and input welcome. cheers.
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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.