ELDONHPD

BTC NEAR IMAGE OF THE 2014 CRASH AT THIS MOMENT ON THE LOG SCALE

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BITSTAMP:BTCUSD   Bitcoin
Good morning, evening, night for whoever is checking out this nearly imperfect BTC chart. After doing much soul searching and watching other analysts I found that BTC looks as much as identical to the 2014 bear market every day. If you check out the chart, I think that it mostly speaks for itself. I know that most people are saying we have been in a ascending wedge since we hit bottom. Yes, but so were we in 2014 before we hit the down side once more. If you take a look at the bottom of the chart you will notice I have it in log, also with the stoch rsi on. The stoch rsi on the weekly for bitstamp has proven to be nearly 100% when calling for a PA in BTC up or down, with significant percentage drop or rise. After looking at every major cross I have noticed an average of 20-40% drops in price on bearish crosses. We are currently at 100 and the highest since 2017 of Dec. We are due for a major correction/fall. We rose to bull run status with very little PA from BTC. I drew trend lines on the chart to show a channel btc has been in, and coincidently it lines up with our current bottom as well as others who predict btc at 1800$. My box compared to the 2014 box are identical in nature and the price drop from the top of the stoch rsi chart showed a 55% drop from 2014. If that were to happen again we could potentially see the same here in the coming weeks/months to around 1900$. Thanks for checking out my chart. Hope this helps others thing outside of the box.
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