As you can see Bitcoin today has almost the exact chart as in 2014. So we are facing a trend reversal like 4 years ago. The indicators also show a bullish trend. But watch out: since it was a bull trap in 2014, I expect the same again. So be careful and open your eyes. Don't be greedy after making good profits.
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You're right, the market is not the same as it was years ago. We have a higher volume and therefore a slower market.
But human action will always be the same for our happiness. So it makes it easy for us to have a template from 2014 because the charts are always the same in a crash. We humans still act like 4, 10 or 20 years ago. That will not change.
Giao dịch được đóng thủ công
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Forget what I said... we are already on the top of the bull trap. Go out and safe wins.
When we had a bearish cross in the weekly 2014, the course collapsed over the next few days and we are about to do it again! The daily chart also looked bullish at the time. In truth, it was just a trap!
For now I am in Tether and I am waiting for the end of the weekly chart.
You're right, the market is not the same as it was years ago. We have a higher volume and therefore a slower market.
But human action will always be the same for our happiness. So it makes it easy for us to have a template from 2014 because the charts are always the same in a crash. We humans still act like 4, 10 or 20 years ago. That will not change.
cryptocents
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I think it is important to understand that Mt. Gox was handling about 70% of BTC transactions at that time. They were having major issues well before they suspended trading in Feb 2013. Besides that, all the negativity surrounding BTC also helped the bears. I seen this weeks ago but didn't and still don't think it is comparable. Cheers!
DukeDinhd6
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dumb chart mate
Boomboom85
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No offence mate but the crypto world had changed immeasurably since then.
Weavs844
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@Boomboom85, Excatly, we should probably just ignore previous market patterns cause there is no way for them to actually replicate again in different scenarios. Right?
Boomboom85
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@Weavs844, in this instance, yes absolutely we should ignore it. Would you look for patterns in gold price 2000 years ago to try and predict a future price? No and this is almost the same. May only be a few years but the market is thousands of time larger with 99% new players.
elshanti
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that would be a great gift for bag holders to sell at high price..I think the opposite would happen and the shake out would continue and reach to those who bought at 8-9k in November..untill everyone turns hopeless while smart money accumulates..then we kick off a new run..
MovingWater
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Don't count on it. BTC is going low. China's New Year is ready..
josephtse
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i think based on technicals, it will follow the same pattern. Maybe timeframes may be a little faster, but I still see it hitting 12,800, 13,800 max, and then following the descending channel down into June. Only time will tell, but I will be shorting in the 12,800 - 13,800 range as it bumps up against heavy resistance from moving averages and upper descending trendline above price.
m5b11
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Stop comparing these, we have no possible way of knowing how the next 5 months are going to play out. If it were that easy Id just retire in bora bora
But human action will always be the same for our happiness. So it makes it easy for us to have a template from 2014 because the charts are always the same in a crash. We humans still act like 4, 10 or 20 years ago. That will not change.