... rubbish deleted....
Also, not sure if many of the people here know that you need to gain 200% up to recover 100% down.
In this example, BTC correction was of 52% from ATH and it needs 108% to reach the same price level.
This is the reason you are failing when it comes to TA, you are not ANALYZING shit! and i am surprised no one is calling you out on this!
You have not analysis anything! Because if you did you wouldn't have posted the above!
You looked at a chart and thought o' yeah, 52% down, 108% up is needed to reach parity!.. and thought you discovered another pattern!
100% Down needs to be 200% up! WRONG! WRONG! WRONG!
100% Down means ZERO!!!!!! 200% Going UP from ZERO is ZERO! There is no pattern to be found! you just so happen to pick a ratio at ~52%
I'll break it down even more for you!
ATH Price Current Down % % Up
$60,000 $60,000 0.00% 0.00%
$60,000 $55,000 8.33% 9.09%
$60,000 $50,000 16.67% 20.00%
$60,000 $45,000 25.00% 33.33%
$60,000 $40,000 33.33% 50.00%
$60,000 $35,000 41.67% 71.43%
$60,000 $30,000 50.00% 100%
$60,000 $25,000 58.33% 140%
$60,000 $20,000 66.67% 200%
$60,000 $15,000 75.00% 300%
$60,000 $10,000 83.33% 500%
$60,000 $5,000 91.67% 1,100%
$60,000 $0 100% N/A
As you can see a 91.67% down from ATH Price, requires 1,100% appreciation to reach back to ATH price.
If you had bothered to use simple mathematics i wouldn't have to call you out on this!
This has always been your problem, you are too quick to jump to conclusions without analysis anything, and start stringing off TA rhetoric and one liners like the above with out any thought and expect people to buy it!...
hmmm.....