Following BTC over the past year (4-10 hrs a day graphing learning) I've gotten to be quite familiar with it's body language. That's why this little thorn hurt me so much and haunts me to this day. BTC ALWAYS recovers bullishly, but looking at the descending fork it should be recovering each time on the next level or quarter level. Instead it falls short of the yellow line and down back INTO ALL TIME RATIO LOW. Yes it did recover but not without getting a scare. I believe this event will cause BTC to be drawn out in its next recovery. Finding slight gains at 13800 but not all time highs for a long while. Well for the crypto world.. 4 months! Until May 19th @ 46k (see other post for projection graph of BTC)
I think this is because BTC also over extended its self on the previous bull run up to almost 20k. My previous projections had it at 18k, and 20k pushed the limit causing a equal over extended effect on the bottom side too. In the end the effect is more time.
"As Volatility (volume fluctuation) increases, so does the time it takes to balance out that volatility."
I think this is because BTC also over extended its self on the previous bull run up to almost 20k. My previous projections had it at 18k, and 20k pushed the limit causing a equal over extended effect on the bottom side too. In the end the effect is more time.
"As Volatility (volume fluctuation) increases, so does the time it takes to balance out that volatility."
When BTC bounced on 6k, I was so pissed I was off by 600.. I stopped graphing for a week, drank a lot and held on with the buy order I had for 6600, grinning from partial success. WHO COULD HAVE PREDICTED Bitcoin with boomerang it's overbuy at 18k+ to oversell at 6,600- Next time...