please note: this is not a complete trading idea. This analysis is entirely based off historical data.
Many of us know that Bitcoin has seen several major correction throughout its lifespan. The last major correction took place back in late 2013, which resulted in a 90% correction from the top.
The chart above shows the percentages and ratios I collected from the 2013 crash that were then overlaid onto the recent Bitcoin chart. Creating the possible route Bitcoin could take IF it follows the 2013 path.
The percentages & time frames that were collected are shown in grey. The red and green colors shows what I expect to happen based on the data.
The chart below shows the percentages collected for this experiment.
DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
hi mate
sorry to bother, but how you get old bitcoin data, my chart only shows from middle of 2017?
it would be nice if you help
thanx
gmareater
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@gmareater, i found it, i was using binance, after switching to bitfinix it's all right now,
sorry to bother
sjBalla55
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oh how things have changed since 2013 though...
mortonpeak
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great work, very fun to follow
avito1
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Interesting idea... I also think we shall see a 90% correction at some point, possibly summer.. no TA, just my feeling for the market... especially if we dont go down now to 9.3k, and keep going up instead...
nofootprint
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I've been thinking about the same possibility... right now it's just to beautiful...
sorry to bother, but how you get old bitcoin data, my chart only shows from middle of 2017?
it would be nice if you help
thanx