BITCOIN 2014 CRASH COMPARED WITH 2018 (HISTORY MAY REPEAT AGAIN)
Updated
Short Version:
If history repeats nearly 100%...
Price reverse 9000 - 9200 resistance level
1.618 fib extension + fib extension cross uptend line from Begining of 2017
High volume confirms all above
Lowest point of BTC is 4700 - 4900
If History repeats 90% or something...
Price reverse 8000 - 8200 resistance level
1.618 fib extension of the above resistance will be the lowest
Lowest point of BTC is 5300 - 5500
There is a possibility that history repeats 80% or something which cause this last drop
not to happen But i believe that nearly 100% of history may repeat in this case.
Please note that i mention history repeat percentages here to make it easier for you
to understand the graphs as some price movements may not happen as same as the last time.
But there is no such way to find the exact percentage of the history repeats
Long Version:
Comparing the current BTC situation with 2014 BTC crash shows that there is more probability
that BTC can go upto the resistance zone before it start crashing again over the down trend
line all the way down down to 4700 - 4900
This lowest point can be confirmed with these:
-History Repeats most of the time but not 100%. Which means the current price can go lower again
like it did in 2014 after reaching the resistance.
-If above become true then the 1.618 Fib Extension of the Resistance can take BTC down to
4700 - 4900.
-Uptrend line which acts as a support cross the fib extension.
Which is the area that the BTC reached the bottom in 2014.Uptrend line from beginging of 2017
crosses the 1.618 area most likely the lowest point of BTC
-Volume profile got more volume at fib 1.618 extension level in 2014 & 2018 as well which
confirms all above.
If History repeats 90% or something and BTC dont go upto the above Resistance level of 9000 - 9200
and start crashing from 8000 - 8200 resistance level then the price can go down to 1.618
Fib extension level which is 5300 - 5500.
If History repeats 80% or something then price might not go down and start going up but
I believe that History will repeat nearly 100%... this time as all the way down BTC 2017-2018
line graph is almost exactly same as 2014 crash with minor differences.
Please note that i mention history repeat percentages here to make it easier for you
to understand the graphs as some price movements may not happen as same as the last time.
But there is no such way to find the exact percentage of the history repeats
If history repeats nearly 100%...
Price reverse 9000 - 9200 resistance level
1.618 fib extension + fib extension cross uptend line from Begining of 2017
High volume confirms all above
Lowest point of BTC is 4700 - 4900
If History repeats 90% or something...
Price reverse 8000 - 8200 resistance level
1.618 fib extension of the above resistance will be the lowest
Lowest point of BTC is 5300 - 5500
There is a possibility that history repeats 80% or something which cause this last drop
not to happen But i believe that nearly 100% of history may repeat in this case.
Please note that i mention history repeat percentages here to make it easier for you
to understand the graphs as some price movements may not happen as same as the last time.
But there is no such way to find the exact percentage of the history repeats
Long Version:
Comparing the current BTC situation with 2014 BTC crash shows that there is more probability
that BTC can go upto the resistance zone before it start crashing again over the down trend
line all the way down down to 4700 - 4900
This lowest point can be confirmed with these:
-History Repeats most of the time but not 100%. Which means the current price can go lower again
like it did in 2014 after reaching the resistance.
-If above become true then the 1.618 Fib Extension of the Resistance can take BTC down to
4700 - 4900.
-Uptrend line which acts as a support cross the fib extension.
Which is the area that the BTC reached the bottom in 2014.Uptrend line from beginging of 2017
crosses the 1.618 area most likely the lowest point of BTC
-Volume profile got more volume at fib 1.618 extension level in 2014 & 2018 as well which
confirms all above.
If History repeats 90% or something and BTC dont go upto the above Resistance level of 9000 - 9200
and start crashing from 8000 - 8200 resistance level then the price can go down to 1.618
Fib extension level which is 5300 - 5500.
If History repeats 80% or something then price might not go down and start going up but
I believe that History will repeat nearly 100%... this time as all the way down BTC 2017-2018
line graph is almost exactly same as 2014 crash with minor differences.
Please note that i mention history repeat percentages here to make it easier for you
to understand the graphs as some price movements may not happen as same as the last time.
But there is no such way to find the exact percentage of the history repeats
Note
I originally got the Idea from:
And then from:
Many thanks to deliciouspodo & D4rkEnergY
But I found these missing confirmations on both TA's. So I thought i can make it
better by the following findings:
- 1.618 Fib Extension from the 9000 - 9200 Resistance
- More trading activity as well with the volume profile
- Major Support with the Uptrend line from the Beginning of the year and Support from the Sep 2017 Resistance
- Uptrend line, Sep 2017 Support, 1.618 Fib Extension from 9000 - 9200 Resistance & More Volume meets at the same point which is between 4700 - 4900.
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