BTCUSD vs DOT COM BUBBLE
Okay, I think I will get some criticism for this comparison but anyways I need to share this idea. First of all, I know that the DOT COM BUBBLE was forming much longer then "Bitcoin bubble" therefore I have chosen weekly chart for NASDAQ composite and daily chart for Bitcoin.
If you check the rise and fall of both, the percentages are very similar. Even the pattern looks almost the same. Based on this comparison Bitcoin will most likely rise now around 150% from the last bottom, then fall back to the bottom and start rising with the same/similar structure as the NASDAQ composite.
When this happens and if Bitcoin continues to follow the DOT COM bubble structure (just faster) then we will see more stabile rise than until now, very soon :)
Please, do not take this idea as something that must happen but look at the similarity and think about it your own way.
If you check the rise and fall of both, the percentages are very similar. Even the pattern looks almost the same. Based on this comparison Bitcoin will most likely rise now around 150% from the last bottom, then fall back to the bottom and start rising with the same/similar structure as the NASDAQ composite.
When this happens and if Bitcoin continues to follow the DOT COM bubble structure (just faster) then we will see more stabile rise than until now, very soon :)
Please, do not take this idea as something that must happen but look at the similarity and think about it your own way.
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