BTC 50% Doom Signal?

Hello!

First of all, I'm merely presenting data. My opinion is neutral at this point on BTC direction as the post suggests. I just thought this was an interesting fractal I noticed in BTC over the years.

In short, a 50% correction from an all time high has preceded every top in BTC. There are various grades of performance and as like anything, the past doesn't predict. Here are the numbers I found going all the way back to 2010.

I as much as the next guy would like BTC to continue its bull trend. But some data is showing some serious cracks (and has been to be fair). We need not to be bias to our emotions as traders and make decisions based on price action.


Text version of the chart (first number are days to new trend, MaxP is max drawdown, x% is the recovery% from max drawdown before rollover)

2010 - 77d, MaxP 75%, 26% rebound
2011 - 616d, MaxP 92%, 42% rebound
2013 - 200d, MaxP 82%, 270% rebound
2013dec - 1246d, MaxP 87%, 151% rebound
2018 - 1085d, MaxP 85%, 30% rebound
2021 - ?d, MaxP ?%, ?% rebound

***AVGs 644d, MaxP 85%, 104% rebound***



Happy trading and feel free to ask me anything!



PS- numbers are rounded in calculations so it wont be to the tee for you super math nerds out there.

 

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