BTC Correction Phase

Parabolic Envelopes generally carry a 50%+ correction phase.

Shout-out to for teaching me everything I know today.
Could this mean a possibility bch will see even more of a boost? I thought it may run outta steam already but it is booming
Jovalabs JohnyButton
@JohnyButton, this is not investment advice, I dont give investment advice, this is tech advice - BTC transaction times are long and expensive while BCH are faster and cheaper, what would you do?
Are you saying it can drop down to 50% chance to $3947?
Jovalabs ratman2050
@ratman2050, parabolic envelopes (the blue lines) have a 50%+ correction once its been broken. So once/if we break the blue lines, there will be a high likelihood of a 50%+ correction.
Jovalabs Jovalabs
@ratman2050 a break of the blue lines (parabolic envelope) would signal a possible target of the orange and red lines (50% and 60% fib lines) is what I'm saying.
ratman2050 Jovalabs
@Jovalabs, Thanks for explaining!
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