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Mar 7, 2021 4:50 AM

Twin Corrections Short

Bitcoin / U.S. dollarBitstamp

Description

Why complicate things?

Looking at our previous correction back to BTC's rising trend line, I can only wonder if this correction will mimic with the last.

Assuming the same time frame of 19 days, and (conveniently) the same percentage correction of 30%, the end of this correction would put us back at the trend line on March 12th (at 40k).

From 40k (plus or minus 1000 bucks) I expect a bounce and continuation of the bull market.
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