yerb

A clear similarity with the 2013-2014 "bubble" fractal

BITFINEX:BTCUSD   Bitcoin / Dollar
This is logarithmic chart, and yes these are fibs.

The overlay is a segment from 25. Jul 2013 to 25. Jan 2014.

Charts are by nature fractal , so in a way history repeats itself and shows us that our minds work the same way and the patterns repeat.
This time around the scale is much grater, but proportions stay the same and this is the mark of a fractal .
Agree, but to make another interesting possibility you could also modify the chart a little to show the price action from 2013/2014 raised as if the final huge correction (top at 0.236) lines up with Bitcoin's most recent ATH?

Given how much the market has grown perhaps the last two months are more akin to that final huge flash crash of 2013. It only took a few days to play out but I remember everyone thinking the top was in already.
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Awesome find ! I charted the same thing earlier
snapshot
+4 Antworten
Ero23 PRO scottsim
@scottsim, This looks right to me. We shall see.
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So Jul 13 to Jan 14 is shown, but what happened after that in terms of price?
+2 Antworten
jgj jgj
@jgj, found it..
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How do you overlay the chart like that?
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@djasku, I came here to ask this very same thing, cannot seem to figure out how and I'm sure it's blindingly simple.
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So, back to the 14k's and then back again to the 4-5k
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Luixtho fcruz00
@fcruz00, Exactly!
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very good analyze. may i ask something:
snapshot

also what do you expect to happen after this ? and do you think alts (like strat, etc, game, lbc, sys) will pump for like a month ?
+1 Antworten
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