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_Checkɱate 🔑⚡🌋☢️🛢️126d ago
Could you please reframe your question a bit? Are you talking about the relationship between consolidations and the trends that follow? If so, yes, this is where 'chop'solidation gets its name. From the Choppiness Index.
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A Bitcoin Guy126d ago
Thanks for responding @_Checkɱate 🔑⚡🌋☢️🛢️ , I’m probably going to show how clueless I am but let me give it a go with an example: The Bitcoin price has been consolidating the last 6 months between 100k and 126k, let’s assume we haven’t seen the peak yet and this was a consolidation phase before a parabolic price run, so we take the difference of 26K (range of consolidation period) and see what percentage it is of the peak for that parabolic run. I know your not a fan of AI tools but I asked Grok to analyze the data that way and it said that with consolidation before a price run, the consolidation price range is about 5% to 30% of the peak.
0000 sats