Some data based on previous KAS cycles:
- there were 3 types of corrections: 30% 50% and 70%
- 70% corrections were after new ATH was established
- duration of correction is between 6 days to 51 days for 70%
Based on current PA:
- if this is the 30% type of correction than 0.036 would be the low and we would finish the correction this week
- if this is the 50% type of correction 0.028 to 0.026 would be the low - mid September
- if we get a 70% correction than we could revisit 0.016 area at the end of September
Personal preference:
40% chance we only get a 30% correction and it ends this week
40% chance we get a 50% correction until mid Sept
20% chance we get a new 70% correction. (highly dependent on BTC also)
Statistically September is the worst month for BTC
Limit orders will be set according to mentioned levels and perceived probabilities
- there were 3 types of corrections: 30% 50% and 70%
- 70% corrections were after new ATH was established
- duration of correction is between 6 days to 51 days for 70%
Based on current PA:
- if this is the 30% type of correction than 0.036 would be the low and we would finish the correction this week
- if this is the 50% type of correction 0.028 to 0.026 would be the low - mid September
- if we get a 70% correction than we could revisit 0.016 area at the end of September
Personal preference:
40% chance we only get a 30% correction and it ends this week
40% chance we get a 50% correction until mid Sept
20% chance we get a new 70% correction. (highly dependent on BTC also)
Statistically September is the worst month for BTC
Limit orders will be set according to mentioned levels and perceived probabilities