Made this for myself. Use it for your own TA if you want..
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Correction. Dip after $3,000 is actually quite norm
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I also noticed btc makes two major dips on most of its corrections before another huge rise
dip was -27%
Peaked at $3,000 (+223%)
dip was -38% (maybe bc it went over 200% so bigger dip)
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!