Every single market in the world has corrections. The % loss / gain is relevant to the market we trade. You can expect a market that has compound growth of 20-30% each day, to have a correction of the prior range that will fall between 50% - 78.6%. This is a AB-CD pattern that forms a nice zig zag. We will see it most likely hit this 78.6% point (or 75%), and bounce back. Many posts and messages today have had a lot of panic. Corrections happen in every single market, the crypto market is no different. Thanks!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.