Bitcoin Forecast + Dips/gains and time periods for them
Updated
Re-uploaded this TA because i added more information on the graph.
Peaked at $1,300 (+73%)
dip was -27%
Peaked at $3,000 (+223%)
dip was -38%
Peaked at $5,000 (+167%)
-37% dip after
Peaked at $7,500 (+148%)
-27% dip after
Peaked at $20,000 (a staggering +240%)
Dip is 52% so far
(very big dip compared to the past 4)
The past 5 pumps have been an average of about 170%
Compare 240% pump to the average...
The pump to $3,000 caught a lot of attention for bitcoin
So did the pump to $20,000
Small amount of people's eyes opened up at $3,000
Even more eyes opened up on the way to 20k?
The past 5 dips have been an average of 36%
Compared to the 52% dip we are seeing so far
Mt. Gox dipped price from $237 to $67 (-350%)
Price rocketed to $1,000 then dipped to around $500 (50% dip)
Took 4 years to recover before reaching $1,000 again
Could we see a long term correction like the crash of late 2013/early 2014?
Both dips had slightly over a 50% dip
Im personally bullish... but I just wanted to point out this dip is pretty big!
Peaked at $1,300 (+73%)
dip was -27%
Peaked at $3,000 (+223%)
dip was -38%
Peaked at $5,000 (+167%)
-37% dip after
Peaked at $7,500 (+148%)
-27% dip after
Peaked at $20,000 (a staggering +240%)
Dip is 52% so far
(very big dip compared to the past 4)
The past 5 pumps have been an average of about 170%
Compare 240% pump to the average...
The pump to $3,000 caught a lot of attention for bitcoin
So did the pump to $20,000
Small amount of people's eyes opened up at $3,000
Even more eyes opened up on the way to 20k?
The past 5 dips have been an average of 36%
Compared to the 52% dip we are seeing so far
Mt. Gox dipped price from $237 to $67 (-350%)
Price rocketed to $1,000 then dipped to around $500 (50% dip)
Took 4 years to recover before reaching $1,000 again
Could we see a long term correction like the crash of late 2013/early 2014?
Both dips had slightly over a 50% dip
Im personally bullish... but I just wanted to point out this dip is pretty big!
Note
Everyone knew it would refuse to moon on the second attempt of testing resistance. Now it is going for attempt #3 or we are in for a continuation of a bear market. Only time itself or a time traveler will tell.Note
broke out that upper white line
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