40% Dump into a 150% Pump?
In previous bull cycle that lead us up to 20k (@ 100% fibonacci growth curve), we had two major 40% pullbacks.
However, each time we had a major pullback we had a major pump of up to 150%.
If we were to have a 40% dump, we'd match up to the 61.8% fibonacci retracement; and then say we have a followup pump of up to 150%, we'd peak at 127.2% fibonacci retracement.
Not advice. Not guranteed price action.
However, each time we had a major pullback we had a major pump of up to 150%.
If we were to have a 40% dump, we'd match up to the 61.8% fibonacci retracement; and then say we have a followup pump of up to 150%, we'd peak at 127.2% fibonacci retracement.
Not advice. Not guranteed price action.
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.