AlanSantana

đŸ…±ïž Correction Preview: Are You Prepared?

BITSTAMP:BTCUSD   Bitcoin
-14% in a single candle; in a single day, in a matter of hours... How can we use this information?

Were you prepared?

If Bitcoin with its 1.3T market capitalization can drop 14% within hours, how much can it drop in a week? How far down can Bitcoin go in 2-3 weeks?

Let us consider this question together; not that Bitcoin is going to go down or will enter a correction, no! That's not the point.

If Bitcoin enters a corrective phase, something normal in all financial markets, how far down can it go in a period of 2-3 weeks considering that it is able to drop by 14% within 12 hours?

That's an easy one but let's forget about it, let's consider a different question: How far down can Bitcoin go in a 2-3 months long corrective phase?

Impossible?

Not the point. Regardless if this is going to happen or not, just hypothetically speaking, if it were to happen, how far down can it go? Taking into consideration that it can drop 14% within hours...

We just had a small preview... Are you prepared?

Namaste.

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