Hi crypto traders,
Thought process:
I calculated the time between the top and drop each time the price fell more than 15% during the previous cycle. The average time was 30 days. Similarly, I did the same but from the top to new ATH with average time of almost 100 days.
Conclusions:
1. It is important to note that when the BTC price drops, it is only aprox. 1/3 of pain. We still have 2/3 of the pain on the way up with fear and uncertainty and people calling for lower prices.
2. Statistically speaking, we have already bottomed 20 days ago. Now we haver until mid-end of July to go through fearful times caused by mainstream media and youtube “influencers” (between us, they don’t provide better odds of success in trading than a flip of coin).
Thought process:
I calculated the time between the top and drop each time the price fell more than 15% during the previous cycle. The average time was 30 days. Similarly, I did the same but from the top to new ATH with average time of almost 100 days.
Conclusions:
1. It is important to note that when the BTC price drops, it is only aprox. 1/3 of pain. We still have 2/3 of the pain on the way up with fear and uncertainty and people calling for lower prices.
2. Statistically speaking, we have already bottomed 20 days ago. Now we haver until mid-end of July to go through fearful times caused by mainstream media and youtube “influencers” (between us, they don’t provide better odds of success in trading than a flip of coin).
