In several day I try to find that did we have any similar chart of another financial market like Bitcoin 0.20% ? I think it is also the best way for we to predict the price of Bitcoin 0.20% because the psychology in financial market is the same and price and index also have same action.
We will comparing the 5 days chart of Bitcoin 0.20% from Mid-year 2017 to now with the 1 month chart of NASDAQ 100 from 1997.
You will be very interesting after see this chart and many similar aspect.
First in 2 chart we all have FOMO zone, this is the time that media take part in the market and they promote very strong.
After that, we all have nearly 2 peaks and strong sell & bounce back zone, they are the same.
Next period is dramatical falling of 2 chart is similar.
We have Bottom 1 and Top 1 before the zone of down crossing between MA 10 with MA 35
And next we have Bottom 2 ; Top 2 and Bottom 3 before the zone of down crossing between MA 35 with MA 105
Also has shown the same.
All criteria and characteristic of 2 chart are similar with arranging and ration of time. Very accuracy ! I also surprising for that !
If this is true so we are now in Recover zone of Bitcoin 0.20% . After this period will be Correction zone and Uptrend - New cycle zone.
We have experienced and witnessed many economic graphs and economic bubbles in the past. Human psychology over time is not changing and therefore the graphical model of the financial cycle of financial markets is almost identical. So this is a way to compare and also an aspect to give you a more general view of your investment options.
Thank you all guys !
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