Looking at the current cycle:
W.D. Gann , Charles Dow, and others discovered that price typically retraces 50% to 62%.
Of course trading isn't always that easy, but sometimes charts line up beautifully. Bitcoin retraced to 50%, recovered to 38%.
This implies a healthy correction. Curious to see if it holds that 38% level.
W.D. Gann , Charles Dow, and others discovered that price typically retraces 50% to 62%.
Of course trading isn't always that easy, but sometimes charts line up beautifully. Bitcoin retraced to 50%, recovered to 38%.
This implies a healthy correction. Curious to see if it holds that 38% level.