Don't Worry About the Retrace, and More Retroactive Learnings from the 2017 Bitcoin Bull Market

Written by rektcapital | Published 2021/02/02
Tech Story Tags: bitcoin | bitcoin-correction | bitcoin-four-year-cycle | bitcoin-bull-market | hackernoon-top-story | bitcoin-retrace | retroactive-learnings

TLDR Bitcoin spent most of its 2017 Bull Market in an uptrend compared to time spent in a correction. Uptrends are longer than corrections, and corrections are a natural, healthy part in any growth cycle. Every Quarter sees at least one strong Bitcoin correction at the end of a Quarter. Corrections tend to be -30% to -40% deep, but each preceded new All Time Highs for Bitcoin’s price. Bitcoin has begun a new Four Year Cycle: The most exponential growth occurs in Candle 1.via the TL;DR App
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Written by rektcapital | Cryptocurrency trader. Author of the Rekt Capital Newsletter
Published by HackerNoon on 2021/02/02
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