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Since the November 2022 Bear Market Bottom... Bitcoin - ($BTC )has experienced the following retraces: • -23% (February 2023) lasting 21 days • -21% (April/May 2023) lasting 63 days • -22% (July/September 2023) lasting 63 days • -21% (January 2024) lasting 14 days • -23.7% (March/April 2024) lasting 49 days • -16% (May/June 2024) lasting 35 days This current pullback is only the 6th major retrace since the 2022 Bear Market Bottom All of the pullbacks experienced just over -20% retracement depth Bitcoin has pulled back -16% thus far and has lasted 35 days Depth-wise, Bitcoin hasn't even reached the cycle-standard of an over -20% pullback yet In fact, the average retrace depth in this cycle is -22% Time-wise, this current pullback is almost an average one (average retrace time is ~40 days in this cycle) Therefore, this current retrace is still below-average in terms of both depth and duration In sum, there are two key takeaways about retracements in this current cycle: • The closer Bitcoin gets to a -20% retrace, the better the opportunity becomes • The longer the retrace, the better the opportunity becomes (especially if the retrace is longer than 40 days) Source: rektcapital #xmucan #BTC #BinanceTournament Follow for more updates
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Anyone Tipping Us at this point must be richer Than Elon Musk 🤣
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A trader who went short on $SOL just got liquidated of $203K at $127.10 🫢🥶 Follow for more updates
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A trader who went long on $BTC just got liquidated of $179K at $61,203 Follow for more updates
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A trader got liquidated on $PYTH short at $0.305 losing $70,600 Follow for more updates
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