BTCUSD
How accurately will history repeat itself for BTC/USD?
3 30%-40% retracements in crypto bull markets are much more common and likely than people realize lately. It is true that Bitcoin´s volatility will be ever diminishing, but it is also true that the strong breakout from $20,000 does not prove that and therefore, neither should the consequent corrections.
We shouldnt expect smaller drawdowns than those of 2017 just because it is a more mature market; specially after seing that bitcoin can still go just as parabolic .
*this is not financial advice, trade at your own risk*
Comment:
Bitcoin 4H is currently losing $ 34,500 level of support for probable continuation downwards, to the next $ 30,000 level. Loss of that will surely lead to our expected target for entry at $ 26k.