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S&P 500
5,436.44
(
-0.50%
)
US TECH 100
18,570.00
(
1.47%
)
Dow Jones
40,743.33
(
0.50%
)
Brent Oil
80.02
(
1.85%
)
Bitcoin
66,028.24
(
-0.21%
)
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AW104

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AW104

Re: jdcpa1 post# 57642

Wednesday, 05/19/2021 12:26:06 AM

Wednesday, May 19, 2021 12:26:06 AM

Post# of 63487
BTC has had a ~40% retrace. BTC had 2 in 2017 (July and September). This washout is definitely dramatic given the $’s but not totally uncommon (currently around -40%). It needed a wash. Too much euphoria. Let’s see what happens in the coming weeks. Fall below 30k and it’s over for now. Nothing goes up forever, nothing goes down forever. The thing is, nothing has really changed in terms of an “event”. Covid had a ~63% drop to put things into perspective.
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