Potential correction targets for BTC 11/6/17

Looking back at the degree of correction after hitting a new all-time high, we find several ranges keep appearing. This chart lists the targets based on the most common percentages we've seen to date. The corrections group up around 18%, 33%, 38%, 48%, and the worst of all, the 85% drop during the bear market in 2014.

The targets are

• -18% (6223)
  
• -33% (5074)
  
• -38% (4694)
  
• -48% (3948)
  
• -85% (1137)
  

Comment:

The new targets are based off the new all-time high of 7897
-18% (6475)
-33% (5291)
-38% (4896)
-48% (4106)
-85% (1184)