Bitcoin Corrects Over 84% From Major Bullish Waves

Bitcoin / U.S. dollarBitstamp

Description

⋅ Feb 18, 2022 7:23 PM

The title says it all...

Since many people are saying that the correction is already over or that whatever number is the "for sure" or "confirmed" low...

Let me share with you this chart.

We don't know exactly how far down it can or will go, we just know how Bitcoin behaves after each bullish top.

Over 84% right after 2013 and 2017.
So far we have seen -58% from the last top.

Just saying... There can be more.

Namaste.

Comments

bitstomoon

⋅ Feb 18, 2022 8:55 PM

Isnt 3 wave supposed to longer than 1? And 5 wave is not complete.

AlanSantana

⋅ Feb 19, 2022 3:08 PM

@bitstomoon, Not necessarily.

Wave 5 can be completed at anytime, you will know only after confirmation of the fact.
You can map the waves but it doesn't mean that it needs to play out as you map them.