Fly the sky for a clearer perspective
just now
I think people forget (myself included) to back out to the DAILY time frame once in a while, in order to gain a better perspective of where we're at right now. BTC has had an amazing run to $14,000 without a real solid correction, so I would not be surprised to see a 30-40% correction before the next leg.
Take a look and you'll see 30-40% retracements are very common on the way up.
Bearish retracements in 2017
37%
35%
41%
40% (smaller than previous)
30% (smaller than previous)
Bullish retracements in 2018
67% (dec 2017)
103%
55% (smaller than previous)
50% (smaller than previous)
27% (smaller than previous)
Bearish retracements in 2019
23%
17% (smaller than previous)
BTC is doing great. We just need to stop for refueling.
I think people forget (myself included) to back out to the DAILY time frame once in a while, in order to gain a better perspective of where we're at right now. BTC has had an amazing run to $14,000 without a real solid correction, so I would not be surprised to see a 30-40% correction before the next leg.
Take a look and you'll see 30-40% retracements are very common on the way up.
Bearish retracements in 2017
37%
35%
41%
40% (smaller than previous)
30% (smaller than previous)
Bullish retracements in 2018
67% (dec 2017)
103%
55% (smaller than previous)
50% (smaller than previous)
27% (smaller than previous)
Bearish retracements in 2019
23%
17% (smaller than previous)
BTC is doing great. We just need to stop for refueling.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.