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roe82
Nov 10, 2017 9:31 PM

Depth of BTC drop compared to previous drop 

Bitcoin / EuroCoinbase

Description

Plenty of room to fall still, before this one matches the depth of the previous correction. Note the red candle coming from the top stops about half way down the distance indicator (blue arrows), both of which are the same length. Perhaps ultimate support slightly above 5000 EUR? That's $6000. (The chart displays EUR.)
Comments
nummus
The length could be the same, but the percentage would be different. WIth the same percantage the correction would be even larger.
roe82
@nummus, True. With the same percentage this "correction" (more like attack) would reach 4240 EUR.
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