This is probably the most important chart I've posted since the big drop from $8,800. It is also the simplest. We have had a very substantial bullish run over the last 5-6 months (~165%) and the current retracement has been ~18% (top wick to bottom wick). This is roughly half of the average of what we have come to expect in the past.
I am expecting more pain in the short/mid-term.
I am expecting more pain in the short/mid-term.
Comment:
Our most recent run should have been marked as starting on January 28th as shown here. That was an error on my end!
