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How Low Will Bitcoin Go? (Part 1)

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Here I take a quick look at the 500% rally in Bitcoin price in 2011-2013 to see what we can learn about how this market has corrected in the past after making huge gains. We can spot a few key characteristics and levels. In my next post, I will apply this analysis to the 2017 rally and see what we might expect from the current correction.
Note
See Part 2 here:
How Low Will Bitcoin Go? (Part 2)
Bycote
Also on:
Bitcoin (Cryptocurrency)BTCUSDCryptocurrencyFibonacciSupport and ResistanceTrend Analysis

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.
Bitcoin (Cryptocurrency)BTCUSDCryptocurrencyFibonacciSupport and ResistanceTrend Analysis
Bycote
Also on:

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.