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.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.