BitcoinShort
Twin Corrections
Why complicate things?
Looking at our previous correction back to BTC's rising trend line, I can only wonder if this correction will mimic with the last.
Assuming the same time frame of 19 days, and (conveniently) the same percentage correction of 30%, the end of this correction would put us back at the trend line on March 12th (at 40k).
From 40k (plus or minus 1000 bucks) I expect a bounce and continuation of the bull market.
Looking at our previous correction back to BTC's rising trend line, I can only wonder if this correction will mimic with the last.
Assuming the same time frame of 19 days, and (conveniently) the same percentage correction of 30%, the end of this correction would put us back at the trend line on March 12th (at 40k).
From 40k (plus or minus 1000 bucks) I expect a bounce and continuation of the bull market.
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.