Short
Bitcoin — Comparative Bubble Analysis
This prediction is based on a comparison with the dotcom bubble.
I wanted to compare the price development of Bitcoin with that of a previous bubble, namely the dotcom one.
I extrapolated the data to infer (an unknown) from something that is known
———
The percentages are taken from the rise and fall of the nasdaq chart, and I applied them to the bitcoin chart.
The percentages seem to be 'magically' correlated with round numbers for bitcoin.
This is the Nasdaq comparison chart:
(I used the weekly chart to compensate for the speed difference)
I wanted to compare the price development of Bitcoin with that of a previous bubble, namely the dotcom one.
I extrapolated the data to infer (an unknown) from something that is known
———
The percentages are taken from the rise and fall of the nasdaq chart, and I applied them to the bitcoin chart.
The percentages seem to be 'magically' correlated with round numbers for bitcoin.
This is the Nasdaq comparison chart:
(I used the weekly chart to compensate for the speed difference)
Note
Note
Inline with a major trendline:Note
ComparisonNote
Astoundingly similar...
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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.