A few days back i've posted a possible mid-term bearish scenario that left many traders doubtful and i understand their point. This time with more in debt analysis i present you my more bullish scenario for the future of blockchain technology. This is only part 1. Enjoy ;)
Hello, friends and fellow traders!
Long time no use this platform, though I never stopped trading. I was there when the crypto market saw the top, didn't sell until March 2018, but enough of my personal history--let's see Bitcoin's price history, as what happened in the past provides us with the only way to get a grasp of the present. Here are the previous market...
Will 2014 and 2017 repeat again? We had 2 big bubbles on the monthly Bollingerbands, they give you the signal to sell, next time watch this and if that happens again sell all your coins.
I have tracked BTC/USD 2014 market movements and correlated them to the current Bitcoin chart, marking possible similarities, resistances & breakouts. The current position of Bitcoin after the recent rally is drawing closer to the upper resistance, so will BTC breakout - fakeout or drop down to the lower resistance - decision time is looming with Bitcoin...
Looking into the theory that the 2018 Bitcoin chart painting is eerily similar to the bear market of 2014 - Maybe the MM's algo is doing it all over again.
Take a look and decide for yourself.
History may not always repeat, but it sure does rhyme.
I don't necessarily believe we will see $2,700 BTC any day soon, however after unbiased perspective it is not out...
Looking into the theory that the 2018 Bitcoin chart painting is eerily similar to the bear market of 2014 - Maybe the MM's algo is doing it all over again.
Take a look and decide for yourself.
History may not always repeat, but it sure does rhyme.
Just a comparision of the accelerated bear market we are in today vs the 2014 2 year bear market. The numbers and letters have nothing to do with Elliot wave just a way to mark some peaks and troughs. There is a definite similar structure as seen on this chart. I am a forever bull but I like to look at the whole picture and I am not a HODLer. www.tradingview.com
I've seen a lot of people comparing the current price action to the 2014 bear market so I thought I'd take some time to do the same. There are definitely many similar elements as far as reactions to previous support and resistance zones. If expect a similar trend to play out I think that puts our bottom somewhere around 3K. I've also heard many analysts that...
The 2014's one and the current bubble look pretty same... I compared them and found out that both are based on Elliot's waves.
LOOK AT 2018 edition TO FIND SOME SIMILARITIES
I suggest you to read this in order to understand Elliot's waves
this is an analysis i did on the 2014 chart of bitcoin. It indeed looks very similar to current situation. After the break of the downtrend resistance, the price looked for the trend resistance of the previous bullish/sideways trend. Soon after that, it went back down again to search for new lows after a very long period of sideways boring movement. Are we gonna...
![BTCUSD: IS BITCOIN DEAD? [2014 edition]](https://s3.tradingview.com/3/31PPGVaU_mid.png "IS BITCOIN DEAD? [2014 edition]")
