$BTC.X #cryptocurrency #BTCUSD possible 2013-2014 "repeat"?
Does the chart above look like 2017 to you? 2014 was the beginning of a year-long bear market after an exponential rise in 2013 for Bitcoin. Will 2018 be similar? Charts are pointing to "likely".
2013-2014:
2017-2018:
Starting to see the resemblance? I did and will be trading defensively to cushion myself to this scenario playing out. I've written up a longer post about at my blog, which goes through some of the comparisons and associated thoughts about how this might play out: thebitnote.com/the-b...rket-in-2018-part-i/
While I have a long bias toward Bitcoin, markets are human and subject to cyclical behavior and I think we're due for a longer consolidation period after this past year.
2013-2014:
2017-2018:
Starting to see the resemblance? I did and will be trading defensively to cushion myself to this scenario playing out. I've written up a longer post about at my blog, which goes through some of the comparisons and associated thoughts about how this might play out: thebitnote.com/the-b...rket-in-2018-part-i/
While I have a long bias toward Bitcoin, markets are human and subject to cyclical behavior and I think we're due for a longer consolidation period after this past year.
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