Many of us know that Bitcoin has seen several major correction throughout its lifespan. The last major correction took place back in late 2013, which resulted in a 90% correction from the top.
The chart above shows the percentages and ratios I collected from the 2013 crash that were then overlaid onto the recent Bitcoin chart.
Creating the possible route Bitcoin could take IF it follows the 2013 path.
The percentages & time frames that were collected are shown in grey. The red and green colors shows what I expect to happen based on the data.
The chart below shows the percentages collected for this experiment.
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
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