jsnandrsn

When does winter end for BTC?

BITSTAMP:BTCUSD   Bitcoin
Just me comparing the last bear market to this one. The blue arrow is where we would hit our lowest price level if this was 2015. $3500 level if we went as low as the last bear market did on the same time frame. It fell from roughly $1150 to $150 between 11/5/13 and 1/14/15. So I put the bottom of the arc at $3500 which would be about the same percentage price reversal before recovering with a date of 1/25/19. (Let me know if my math is off I think that is correct.) You can clearly see that the price falling below $200 got rejected very strongly. So if we put in a very obvious low price before the last bear markets low that would be a great indicator in my mind that things are turning around much faster, I would expect the next bull market to be more rapid to a new blow off top. Just for educational purposes, I am not an expert, this is a hobby for me. Leave me some comments let me know what you think!
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