Bitcoin Pull backs are be expected folks.
We have had a monumental move from Nov 2022 c.15k to where we are now.
In the last bull cycle 30% pull backs were the standard. With this cycle we have had nothing but 20% pull backs to date. We have to cater for a 30% pullback scenario and also for a 50% (as recession indicators are throbbing at present). This does not mean either will happen but we best be mentally prepared and have our cut off points locked in and defined ahead of any such events.
Pull backs so far this cycle
1⃣ Feb - Mar 2023 = 21.8% (3 week decline)
2⃣ Apr - Jun 2023 = 20.0% (9 week decline)
3⃣ Jul - Sep 2023 = 21.6% (9 week decline)
⏳ Jan - X 2023 = 20.8% so far (3 weeks decline so far)
BTC
#Bitcoin
STAY FOCUSED ON THE LONG TERM TREND
PUKA
We have had a monumental move from Nov 2022 c.15k to where we are now.
In the last bull cycle 30% pull backs were the standard. With this cycle we have had nothing but 20% pull backs to date. We have to cater for a 30% pullback scenario and also for a 50% (as recession indicators are throbbing at present). This does not mean either will happen but we best be mentally prepared and have our cut off points locked in and defined ahead of any such events.
Pull backs so far this cycle
1⃣ Feb - Mar 2023 = 21.8% (3 week decline)
2⃣ Apr - Jun 2023 = 20.0% (9 week decline)
3⃣ Jul - Sep 2023 = 21.6% (9 week decline)
⏳ Jan - X 2023 = 20.8% so far (3 weeks decline so far)
BTC
#Bitcoin STAY FOCUSED ON THE LONG TERM TREND
PUKA
