83.6% Average Retracement of Significance Since 2013
Self explanatory. If we use the last 3, largest retracements as a guide to pinpoint where BTC may be headed, then look no further than price to decline toward $2270.
This is likely a worst case scenario, but not unlikely IMO . I'm more hopeful the market decides to keep BTC stable and up before such a retrace would take place.
Note: NOT TRADING ADVICE, ENTERTAINMENT ONLY!
This is likely a worst case scenario, but not unlikely IMO . I'm more hopeful the market decides to keep BTC stable and up before such a retrace would take place.
Note: NOT TRADING ADVICE, ENTERTAINMENT ONLY!
Trade active:
Will this hold up well over time?
Comment:
Looks like we've capitulated again, hitting 3.7K in an instant. Will this continue further to fulfill the %80+ retracement levels of the previous known selloffs? Interesting times and I'm optimistic we might see this play out.