An unpopular idea for the BTC market.
Updated
Ok, so this chart is a little bit confusing maybe but I try to explain my thought process:
1. As you can see I tried to compare the 2014 crash with the latest crash we had. Surprise, it's very similar!
I saw this compare first time in a video from, you can find the link below.
2. Red circles: Same pattern ;) We had a ~69% dip, and we bounced back nicely, the same happened in 2014. What if we are only in the middle of the bear market? The price movement is getting close to the 200MA. Once below it, in 2014 the price continued to fall.
3. Green rectangle If we consider the -86% fall in 2014, we could get now in the price range of 4900-2900, we also have some serious support zones in this area,
4. Green circle The price is crossing the 200MA, we could say that it's not the first time, but take a look on that volume after this cross, HUUGE! one of the biggest daily volume ever! That's a proper bounce!
5. The recovery from the 2014 crash, took around 1181 days, looong time. My opinion (I hope I will be right) in case this crash repeats itself, the recovery should be faster, considering the Crypto community got bigger (network effect), incoming regulations -> will bring institutional money, lot of working and evolving DAPs with real world partnerships...
I'm not saying this will happen it's just a scenario I will take in consideration. Everybody should think about it, and prepare in one way or another. Don't just say "this time it will be different", find arguments how this will be different, and please share it with me as well! :)
1. As you can see I tried to compare the 2014 crash with the latest crash we had. Surprise, it's very similar!
I saw this compare first time in a video from, you can find the link below.
2. Red circles: Same pattern ;) We had a ~69% dip, and we bounced back nicely, the same happened in 2014. What if we are only in the middle of the bear market? The price movement is getting close to the 200MA. Once below it, in 2014 the price continued to fall.
3. Green rectangle If we consider the -86% fall in 2014, we could get now in the price range of 4900-2900, we also have some serious support zones in this area,
4. Green circle The price is crossing the 200MA, we could say that it's not the first time, but take a look on that volume after this cross, HUUGE! one of the biggest daily volume ever! That's a proper bounce!
5. The recovery from the 2014 crash, took around 1181 days, looong time. My opinion (I hope I will be right) in case this crash repeats itself, the recovery should be faster, considering the Crypto community got bigger (network effect), incoming regulations -> will bring institutional money, lot of working and evolving DAPs with real world partnerships...
I'm not saying this will happen it's just a scenario I will take in consideration. Everybody should think about it, and prepare in one way or another. Don't just say "this time it will be different", find arguments how this will be different, and please share it with me as well! :)
Note
I forgot to add the link for the video I saw, explaining a lot better than me this situation...here it is:
Note
This aged quite well...too bad I did not follow my own idea...:))
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