BTCUSD - Support for possible correction.

Bitcoin / U.S. dollarBitstamp

Description

⋅ Nov 25, 2020 10:00 AM

Considering the initial idea related down there and the past correction in 2017 we can see that.

The average corrections of the market is 30%-40% from the top , so you can make the math depending on the next growth.

A $22000 maximum can drag the market down to ~$13200.

Make your investments carefully and consider every aspect.

Thank you for your time and have a great day further

This is not a trading advice,
St.Gex,

Comments

cryptospawn

⋅ Nov 25, 2020 1:05 PM

I think the top is already formed. If so then the 40% correction TP will be 11700. In the case of a 30% correction then we have a TP of 13650 or so. In either case its a super bad time to buy or hold now.