Buy the Dip - 30% BTC Correction
PLEASE CHECK ADDED 2017 PICTURES IN COMMENTS
In the 2017/18 Bulltrend BTC tended to dip between -30-40% several times
As we see one bigger correction started at ~2x ATH and was at -38%
Since 2019 it seems to have changed to 20-30%.
-20% would mean we correct to 33k.
-30% would mean we correct to 29k.
I believe that this could be the dip-metric for this bullrun, because, as gains getting smaller, so will dips.
If we would get deeper, i think -40% (~25`000) would be the limit.
In the 2017/18 Bulltrend BTC tended to dip between -30-40% several times
As we see one bigger correction started at ~2x ATH and was at -38%
Since 2019 it seems to have changed to 20-30%.
-20% would mean we correct to 33k.
-30% would mean we correct to 29k.
I believe that this could be the dip-metric for this bullrun, because, as gains getting smaller, so will dips.
If we would get deeper, i think -40% (~25`000) would be the limit.
Note
Note
Trade active
If valid, we could be at halftime already. Some more squeezing ahead. Also possible that RSI go down much deeper (if correction lasts 2-3 months) , which could boost 60k.Note
I guess that the correction could be much shorter than expected, like already happened at my 18k analysis.
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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.