Check this out...
The current correction could end up being very similar to our last major one.
We had the all time high, we had the drop, and then we had the final washout that took us below support and below our 200 week moving average.
This same time of action was similar to what we saw back in the 2017 bull market...
Check it out:
(Source: https://twitter.com/StockmoneyL/status/1550716932315389953/photo/1)
The only real difference is that the consolidation was longer before the final washout, making the draw-down last longer as well.
This entire drop was significantly faster than the previous one, but other than that, the patterns are pretty similar.
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Upvoted! Thank you for supporting witness @jswit.
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Hopefully! Ya.
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Yes the pattern is almost similar. Thanks for update bro.
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But 2017 different from 2022 bear market. This time we see lot of hacks,big orojects like luna washed out from market. Thats why i think it took more time to recover this time.
May be next bull run we may expect near to next bitcoin halving in my opinion.
But anything will happens,lets wait and watch.
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The patterns look great, it's a good opportunity to win and win big. This is going to be huge and exciting as I accumulate more assets on my decentralized multi-coin wallet from https://atomicwallet.io/ for the future.
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