You are viewing a single comment's thread from:
RE: [dtube] Bitcoin Prices are Falling - Here is what I think
This was indeed a very sharp fall. Its value fell downright by almost 50%. Anybody would get panicked because of this.
This was indeed a very sharp fall. Its value fell downright by almost 50%. Anybody would get panicked because of this.
Not me and not a lot of traders who understand that 50% corrections are not only common in trends, but, in cases like bitcoin's chart when it moves almost completely vertically for a sustained period, a very good thing. It's only when the price moves below 62% of the bullish price move that I become really concerned (falling below 50% correction is the first sign that the trend might have ended).