This is a log, long term view of my 2014 fractal analysis which you can find here. As you can from that chart, we are replaying the 2014 crash ALMOST PERFECTLY based on fib retracements. It's quite stunning really. The only difference is that the crash is happening THREE TIMES FASTER.
I've expanded my analysis to look at what a potential capitulation could look like, and what trend lines may form as support. Note that this is a WORST CASE scenario. I do not necessarily think we will retrace this far based on core market fundamentals. But it is certainly possible.
I do believe that the deep bear market and recovery will continue at this greatly accelerated pace based on market fundamentals. High liquidity, a clearer regulatory landscape, greater enterprise adoption of blockchain, no major exchange failure etc.
Ghi chú
Tracking almost perfectly so far, though the relief bounce ended up coming a bit earlier than I had anticipated due to the massive shorts build up in April.
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