Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
@rektcapital
This current pullback (-29%) is one of the deeper retraces in the cycle but it's not extraordinary
After all, we've seen a deeper retrace in the immediate Post-Halving period (-32%)
Not only that, but we've seen deeper pullbacks in previous cycles
Major 2021 corrections: -31%, -55%, -25%
Major 2017 corrections: -34%, -34%, -38%, -40%, -29%
https://x.com/rektcapital/status/1901660510069645603
Please let this correction be eaten back up soon 🙏🏻
This current pullback (-29%) is one of the deeper retraces in the cycle but it's not extraordinary
After all, we've seen a deeper retrace in the immediate Post-Halving period (-32%)
Not only that, but we've seen deeper pullbacks in previous cycles
Major 2021 corrections: -31%, -55%, -25%
Major 2017 corrections: -34%, -34%, -38%, -40%, -29%
https://x.com/rektcapital/status/1901660510069645603
Please let this correction be eaten back up soon 🙏🏻
Yes OK, but the main difference with 2017, and to a more nuanced extent in 2021, is that we had HUGE multiples before these corrections...
No "ants" uptrend.
We simply have (until proven otherwise in the future) diminishing returns while maintaining the same percentage drops