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!
Comment:
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.
Comment:
broke out that upper white line