Wojak19

Wojak19 Updated 

Here are two similar patterns between bitcoin and google stock prices. This can be a possible indicator, besides the two assets belong to the technology sector, which makes them assets with a similar adoption. Obviously several external factors can influence the accuracy of the analysis, so don't take my analysis for granted. NASDAQ:GOOGL BITSTAMP:BTCUSD

Wojak19 Updated 

Patterns from other cycles seem to be repeating, after a new ATH from each cycle the price heads towards the green area where the EMA50 is, making a support. The price rises, but does not resist the selling pressure and breaks the EMA50W, retests the same average in the yellow area but now as resistance. Immediately crashes and reach EMA200, break the same...

Wojak19

Period of each previous cycle from bottom to bottom: 2011 cycle (orange line) - 1148 days to reach the bottom. 2015 cycle (Blue line) - 1435 days to reach the bottom. Current cycle - 1470 days... BITSTAMP:BTCUSD BINANCE:BTCUSDT

Wojak19

If the older chart patterns serve as an indicator to predict future movements, we can conclude that the price is not far from establishing a bottom and reaching the accumulation zone, where it previously spent months lateralizing until reaching the halving and starting a new cycle. Look Blue vertical line - Halving's Green area - Bull Market Red area - Bear...