MAJOR BTC correction incoming!?
Calm your tits.
Normally when #Bitcoin breaks ATH, the price goes sideways for 12-30 days. Then the first parabolic movement of 100-200% starts. This lasts for 1-2 months. Finally followed by the first big correction of 30-40%.
So should we worry now with the first red candle?
No. Bitcoin has skipped the sideways trend and has gone straight parabolic. In between there are multiple candles of 3-5%. We’re just in WEEK 1 of the parabolic movement.
BTCUSDT BTCUSD BTCUSD BTCUSDT.P 
DOGEUSDT 
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Normally when #Bitcoin breaks ATH, the price goes sideways for 12-30 days. Then the first parabolic movement of 100-200% starts. This lasts for 1-2 months. Finally followed by the first big correction of 30-40%.
So should we worry now with the first red candle?
No. Bitcoin has skipped the sideways trend and has gone straight parabolic. In between there are multiple candles of 3-5%. We’re just in WEEK 1 of the parabolic movement.
BTCUSDT BTCUSD BTCUSD BTCUSDT.P DOGEUSDT ETHUSDT BTC.D BTCUSD BTCUSDT.P Trade active
Still no MAJOR correction on BTC. Hope you didnt get shaking out.
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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.