BTC - 2014 vs 2017 crisis (price movement)
Updated
Looks like we have a similar situation in cryptos that the one at the end of 2013/start of 2014 "China crisis".
If we learn from the historical price movement, future movement in 2017 should be similar to the one shown on my graph.
After last bounce bear market is expected for probably more than 1 year after we reached the top.
There are more reasons to believe we have reached the top with 5000.
One of them can be found in related ideas.
This time I hope I am wrong. :/
If we learn from the historical price movement, future movement in 2017 should be similar to the one shown on my graph.
After last bounce bear market is expected for probably more than 1 year after we reached the top.
There are more reasons to believe we have reached the top with 5000.
One of them can be found in related ideas.
This time I hope I am wrong. :/
Note
Note
By the plan for now. 4000k might be the psychological and technical line where it stops. At the moment we have a strong wall on 4k: data.bitcoinity.org/markets/books/USDLower target (3975) would put us on the safer place.
Note
Local top of 4135 was reached on Kraken as pointed out in our original post (green arrow). It will be interesting to see the movement from here on.Note
Price movement in upcoming days will show if we have one more push left. If hitting lower low before we hit all-time high I hardly believe there is enough time left before the end of the year. If no LL and pushing forward fast there might be space for one more push. Here are the thoughts of fellow trader about that:
Note
Some say we are still bullish. Next days will tell!
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.