BTC Correction
Updated
--- major supports in actual correction
- typical correction in BTC bullmarket parabolic run : 10-30+%
- actual correction in actual bullmarket parabolic run : 23+% (possible 30+% if close below $44,5k)
Actual dip looks still healthy even on weekly chart. See below in comment.
- typical correction in BTC bullmarket parabolic run : 10-30+%
- actual correction in actual bullmarket parabolic run : 23+% (possible 30+% if close below $44,5k)
Actual dip looks still healthy even on weekly chart. See below in comment.
Comment
fib 0.618 confirms a position of strong support at 38k on weekly and also potential 30+% correction. Closing below would give me a bear glasses on.
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Actual correction (23%) might take a few days to trend reversal.
Previous correction (from 42k to 28k : 31%) took circa 20days to another major leg up.
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Take care and enjoy.
Trade active
🤞Comment
A 2017 parabola on Dailychart with its major dips to compare %s.
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