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Historical Analysis 2015: Part of a greater cycleIgnoring elliot wave counts indicators and simply going to comparing pictures and seeing if they match up, I've decided to create another chart showing the comparisons between the bubble blow-off periods we have been experiencing for the last 12 months to the one we experienced several years ago. At the end of the day we would, if we were to mirror this range, spend a considerable portion of 2015 in this low range while the market "bottoms" out and bears wear themselves out. Like, comment, share, etc! Let me know if I'm full of it or if this is a brilliant piece of artwork.
BITFINEX:BTCUSD
by lowstrife
13
Historical Analysis: Anatomy of a bubbleOn the left is our $266 high in 2013, on the right is our current volatile drop to $166 flipped upside down. A month ago I made a thread about how I believed we were in the middle of a shorting\bearish bubble, posted here: www.reddit.com And today, with our 20\20 retrospect goggles on, we can see that having formed out in the charts. These moves are partly harmonic\fractal because of the nature of markets to find a equilibrium, but I believe it shows the bubble cycle mentality that is so common in Bitcoin. In the past, the only way to participate in the price action was to buy. There was no ability to short on any exchange until basically 2014, where we saw the advent of the bear market. This means that the bears, like the bulls, need to have their chance at the extremely volatile, bubble-like nature of Bitcoin, and undergo a shorting bubble just like the bulls had a longing bubble. I threw the ascending wedge pattern in there for shits and giggles, but I honestly do not know where this consolidation pattern will lead us (as my related idea below shows). I just find it fascinating how Bitcoin loves to repeat it's patterns; it loves it's fractals. I used the April 2013 bubble because it fit the shape I was looking for more in form than the Nov 2013 one did where we twin-topped (inb4 accusations of form-fitting). If you scroll to Nov on the left chart then you can see what I am talking about, I added a few of my markings for comparison. Let me know what you think! I'm liking the historical analysis "series" I've been doing, for some reason I keep finding these things. Like, comment, and follow!
BITSTAMP:BTCUSD
by lowstrife
17
Historical LTC/BTC Momentum Analysis So unless anyone hasn't noticed, Bitcoin broke out of a massive bear triangle at $450 two weeks ago and sparked this gigantic rally that we are all enjoying today (unless you sold at the bottom). However, Litecoin has yet to breakout of it's own bear trend, and historically, it is always late to do so. So I spent some time charting this today and discovered that LTC and specifically LTC\BTC is primed to explode. As the cycle continues, attention will be moving to alt-coins in the next few weeks as people who "missed the boat" on Bitcoin look for other alternatives. Additionally, people who are invested with Bitcoin look for and learn for things to do with them, and more often than not they find alt-coins. Even if it doesn't happen for a few more days, it certainly is something that I am keeping an eye on. And for those who are asking, on this scale I used RSI and RMI because other indicators get a bit... schizophrenic at this timescale.
LLong
by lowstrife
7