Today's new high is pathetic. Is it time for a correction for a .618 retracement? I am just mapping out possible movement according to the historical chart. If that happens, normally BTC will perform two or three "dead cat bounce" before reaching the final support. If we were to see a 40% drop in a period of 36 days, it will almost reach long term trend line and 100 MA.
The yellow circles are the entry points for me if this plays out. What are your thoughts?
The yellow circles are the entry points for me if this plays out. What are your thoughts?