JosephVitko

JosephVitko Updated 

When I posted my prediction that Bitcoin would follow a January 2017-esque correction pattern , I couldn't have had better timing. Almost exactly 24 hours later, the price had dropped 15% to a low of $16,300. If we continued to follow this model, we should have seen a four day period of stability at that level before a second drop took us down to about $14,000....

JosephVitko Updated 

Bitcoin could be in for a near repeat of history. After setting new all-time highs in 2013, we experienced a year long bear market in 2014 where price fell back to long-term support. The next year and a half was characterized by a moderate recovery. Finally, in late 2016, price began sharply rising back to the previous high around $1100. It was then rejected...

JosephVitko Updated 

In the previous days and weeks the DJIA has recovered to new all time highs after suffering several months of little to no growth. However, this is not the first time this happened. In late September and early October 2018 the Dow finally passed its January highs. What followed was the beginning of a precipitous drop that saw the market tank 20% to close out the...

JosephVitko

Since its inception, Bitcoin's value has ascended between a logarithmic support and resistance curve. It has done this in cyclical fashion, with sudden parabolic run-ups followed by massive draw-downs; all while retaining its long term trend. In December 2017, the 2 year long bull run came to a close as the long term resistance curve was touched at nearly 20k....