TVC:IXIC   NASDAQ Composite Index
Dotcom vs Crypto
Comment: The purpose of the chart is to illustrate how price forms in fractals; and how exponential parabolic bubble curves, usually decline a Fibonacci 78.6% of value when they burst.

This happens on all time scales whether hours, days, weeks, months, years or decades.

Here is a blind test with price and time scales removed. It illustrates how the same patterns occur on very different price and timescales.

Two charts ended in a speculator crash losing 80% in value, and one isn't done yet.
Can you tell which is Bitcoin, and which is Nasdaq, and which is a random stock called Pulte Group ?:
I have the same stance on this:

The description is in polish, but lines are marking potential "high" of total market cap, and potential range of correction, where it's going to (about 166-180B $ market cap).
If you are going to use the Nasdaq, to make a fair comparison it would be better to use the total cryptocurrency market cap.
Let's look at BTCUSD monthly, shall we:

TomPip TomPip
@TomPip, Non log (lol)

@TomPip, Why lol?
It completly shows the same pattern as from 2014...
I know there was MT.gox etc, but in the end - correction of BTC then was inevitable, as it is now imo.
Especially, as such cases as tether would implode on the market.

Logarithmic scale is non-sense, it always shows, that's "healthy" uptrend, when it isn't.
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