I have an idea for ETH & BTC.
Simple look back to 2020-02-24. ETH down 70% before jumping.
Same with BTC, it divided 2.5 times from local top 10K to 3K8 (around 63%)
From CoinGlass check the liquidation heat map for ETH and BTC.
With current situation, if BTC and ETH price turn down 63% for BTC and 70% for ETH then bottom price will be around 25K for BTC, and 1300 for ETH.
And go up crazy after that.
Simple look back to 2020-02-24. ETH down 70% before jumping.
Same with BTC, it divided 2.5 times from local top 10K to 3K8 (around 63%)
From CoinGlass check the liquidation heat map for ETH and BTC.
With current situation, if BTC and ETH price turn down 63% for BTC and 70% for ETH then bottom price will be around 25K for BTC, and 1300 for ETH.
And go up crazy after that.
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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.