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.
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Just reached 167% gains since Dec with XBT @ $8300
@volmaandcan, no worries, let's see what happens. (There are people who say 10k?!) If we do stop here, first real bounce should be around $7200 imo.
UnknownUnicorn4034582
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@barclayjames, yeah there are quite a few of them... what about the 36% drop? that should put us around the $5300 area, which is probably unlikely... think ill stay out for now and just watch.
UnknownUnicorn4034582
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i see no reason to sell yet...
RealMcafee
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@volmaandcan, It's not a recommendation, it's just an averaging of previous pumps and dumps. Anyway 160% is around 8500
UnknownUnicorn4034582
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@barclayjames, oh i see. thanks! i will keep my eye on it when we get close to that region
CopilotThe
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Honestly, I don´t see it going down to $5,500 again. $6,000 might be the new floow. However, you never know with crypto!