Bitcoin started a bear trend after a parabolic (USD 19,000) move from the low USD 1000s,
we see 3 descending triangles, two of them with a strong price increase
First time retrace abt 60%
Second time abt 40%
I expect the third correction to be around 20-30% (i.e. USD 4800 - 5200, after which i expect to a price consolidation and the next bull run (MAYBEEEEE)
whats your thoughts?
Comment:
abt is "about" not ABT (apologise)