Does the chart above look like 2017 to you? 2014 was the beginning of a year-long bear market after an exponential rise in 2013 for Bitcoin. Will 2018 be similar? Charts are pointing to "likely".
2013-2014: [IMG][/IMG]
2017-2018: [IMG][/IMG]
Starting to see the resemblance? I did and will be trading defensively to cushion myself to this scenario playing out. I've written up a longer post about at my blog, which goes through some of the comparisons and associated thoughts about how this might play out: thebitnote.com/the-bitcoin-market-in-2018-part-i/
While I have a long bias toward Bitcoin, markets are human and subject to cyclical behavior and I think we're due for a longer consolidation period after this past year.
Great analysis! I believe it's a very possible scenario. But fortunately we now have a way more solid Alts market with a growing market cap so I believe it's no need to panic. 2018 is the Alts year.
JustChartThings
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@Dib.lucas, yes, I agree, I think alts could have a very good year.