Looking at the May correction, it lasted 95 days, meaning that this correction could end toward the middle of Feb after a sideway move from now onward, (green line).
Looking at the trend, I fear this could be longer and the drop could carry on until March before we see some kind of tentative recovery, (yellow line).
Soooo ... if we go sideway from now on, we should recover
If we keep going down to 26K then we will have a much greater recovery.
Looking at the trend, I fear this could be longer and the drop could carry on until March before we see some kind of tentative recovery, (yellow line).
Soooo ... if we go sideway from now on, we should recover
If we keep going down to 26K then we will have a much greater recovery.
Note
Looks like BTC is now just going to move sideway for the next few days
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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.