Part 1
Bitcoin from 2011 - 2013
Increase from $0.44 - $31.86
Total retrace down 95% (below 786 fib) to a price of $2.01
Correction length (all-time high to break old all-time high): 634 days
Part 2
Bitcoin from 2013 - 2017
Increase from $63.33 - $1181.69
Total retrace down 91% (below 786 fib) to a price of $169.58
Correction length (all-time high to break old all-time high): 1245 days
Part 3
Bitcoin from 2017 - 2018
Increase from $1838.54 - $19775.25
77% retrace complete thus far. Impulse incomplete. Waiting for 786 fib break
Correction length: TBD
BTC Update : Every few years we see a massive run-up in Bitcoin. After this we see a significant drawdown for months - years. Almost 95% retrace in pricing sometimes. Can we find a pattern this time around that may give us an idea of the length of the market drawdown and the severity in % and $ value. If we were to look at Part 1 and Part 2 we may be able to deduce a similar movement in Part 3. We first have to see if 786 fib breaks. If it does break we will have a prolonged bear market with further downside and move into the zone listed.
Bitcoin from 2011 - 2013
Increase from $0.44 - $31.86
Total retrace down 95% (below 786 fib) to a price of $2.01
Correction length (all-time high to break old all-time high): 634 days
Part 2
Bitcoin from 2013 - 2017
Increase from $63.33 - $1181.69
Total retrace down 91% (below 786 fib) to a price of $169.58
Correction length (all-time high to break old all-time high): 1245 days
Part 3
Bitcoin from 2017 - 2018
Increase from $1838.54 - $19775.25
77% retrace complete thus far. Impulse incomplete. Waiting for 786 fib break
Correction length: TBD
BTC Update : Every few years we see a massive run-up in Bitcoin. After this we see a significant drawdown for months - years. Almost 95% retrace in pricing sometimes. Can we find a pattern this time around that may give us an idea of the length of the market drawdown and the severity in % and $ value. If we were to look at Part 1 and Part 2 we may be able to deduce a similar movement in Part 3. We first have to see if 786 fib breaks. If it does break we will have a prolonged bear market with further downside and move into the zone listed.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Join our Crypto movement with Alpha Trades
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.