As you can see from this long running chart, bitcoin has always needed about a 50% - 68% retrace of the rally to continue it's bull market fun runs. What we have here is, so far, no different. This correction has taken slightly longer, but still might be on track to complete at around 7400 to continue north to new ATH.
If we're wrong, well, it's time to reevaluate where we are on the Bitcoin track. If we're right, well, then it's almost time for some longs. I'll put one in at ~7500 if it reaches that far.
Happy hunting.
P.S. This is not trading advice - just a notification that I'm going to do this.
If we're wrong, well, it's time to reevaluate where we are on the Bitcoin track. If we're right, well, then it's almost time for some longs. I'll put one in at ~7500 if it reaches that far.
Happy hunting.
P.S. This is not trading advice - just a notification that I'm going to do this.