is 2018 like 2014 for BTC?

Updated
If we compare this price action to 2014, then we should be looking at a retracement to 50% fibo for wave X and then a final wave down to form Z. Wave Z is at 78.6% fibo just like in 2014 and also the bottom of the channel since 2012
Comment
This is an old chart but still relevant until we break 8.7k-8.8k.
BTCUSDTrend Analysis

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