Average of just green labels is 162 %
Orange labels represent gains on the two major bull runs in the cycle (same as in 2013, topping out in April and November of that year).
Currently gains at 153%
162% is just above 8k. I am out and will not buy more. The risk is too high for me. I expect a 40% correction, which from 8k (for example) is $4800.
Here is a chart of corrections greater than 30% from 2016-17:
The average is 36 %.
I have some small alt positions (eth, xmr) and am keeping an eye on ripple and steller btc markets (xrpbtc and xlmbtc) as they have dumped so much and the long-term rsi/stoch are practically dead.
Orange labels represent gains on the two major bull runs in the cycle (same as in 2013, topping out in April and November of that year).
Currently gains at 153%
162% is just above 8k. I am out and will not buy more. The risk is too high for me. I expect a 40% correction, which from 8k (for example) is $4800.
Here is a chart of corrections greater than 30% from 2016-17:
I have some small alt positions (eth, xmr) and am keeping an eye on ripple and steller btc markets (xrpbtc and xlmbtc) as they have dumped so much and the long-term rsi/stoch are practically dead.
Comment:
Just reached 167% gains since Dec with XBT @ $8300
