theellk

BTC Long term, correction %'s and replication of 2014/5

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Excuse the scribbles,

On the weekly time frame the closes of the 3 main corrections during the bear market come out at ~55%, ~65% and ~80% from ATH - for both 2014 and 2018.

This is just for fun and no TA can really be done on it for trading, but It seems to suggest that we are out of the bear market and will begin a phase of accumulation, probably for 6-9 months, at least.

Interestingly, our accumulation range is from 3-6k so plenty of bull and bear traps to come.