Comparing this correction to the 2014 correction they will both have an 84% correction. This will also allow for a complete market cycle, this comes into play even more on cryptos as they are such a new market therefore human emotions comes into factor here a lot more often. This will also mean that alts correct 90% as well, potentially we may have an alt season come June and there may be a potential flipping of BTC and ETH for a short term.
Just an idea and the chart looks natural if this comes into play.
Just an idea and the chart looks natural if this comes into play.
Kommentera:
I also understand that this is a normal scale and not log, however most of the trend lines line up better on this, i usually work on log though.