Historically, every time BTC price action has interacted with this blue boundary zone, the market has corrected between 50% and 93%.
We are currently interacting with a historical exhaustion zone, where prior cycles have consistently triggered major corrections.
If history rhymes and BTC delivers even a 50% correction from here, the projected downside target would be around $61,000.
This is where late longs learn about early exits 🙂
We are currently interacting with a historical exhaustion zone, where prior cycles have consistently triggered major corrections.
If history rhymes and BTC delivers even a 50% correction from here, the projected downside target would be around $61,000.
This is where late longs learn about early exits 🙂
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.