BTCUSD: A repeat of 2014? Worst Case Scenario A $2,500 Low
Updated
Part 3 of If Bitcoin Repeats History?. This worst case scenario extrapolates the second half of the 2014 bear market going into 2020 with ATL at $2,500 and new ATH in November 2021, as well as reaching $30,000 within the same year. This assumes a double bottom will form in April 2020 prior to the halving, followed by 1.5 years of accumulation/consolidation, with a new ATH being made 4 years after the 2017 ATH.
Note
If Bitcoin Repeats History?Part 1: Descending Triangle Looking Similar To 2018
Part 2: Measuring The Move of the Descending Triangle Breakdown
Note
Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown
Note
Forgot to point out and compare, but the extrapolated 2014 breakdown was based on a descending triangle too :/ Here's what it would look like in more detail...Note
Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario
Note
Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1
Note
Part 7: Another Bearish Indicator: 200 EMA & MA Bearcross
Note
Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern
Note
Part 9: TD Sequential 9 Next Week To Decide Direction?
Note
Part 10: Extrapolating the 50 & 200 Day MA bear crosses
Note
I now guesstimate the $2,500 worst case scenario as having a 2% probability.Reference: twitter.com/DragonOnRedirec/status/1206893152336011265
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.