I'm a firm believer that history repeats itself, especially in finance. And IF (That is a huge IF) Bitcoin continues to play out like the Dot-com bubble ~1998-2002, then here are a couple forecasts that are based on percentage based moves of the Nasdaq from 2 possible anchor points of where Bitcoin might be relative to Nasdaq at the time. It is hard to tell, but we're likely at one of these 2 anchor points. Which one do you think we're at?
I drew out a handful of vertical guide-lines to align in scale Bitcoin and Nasdaq prices based on key similarities such as notable dips and peaks. Continued beyond with vertical guide-lines for notable Nasdaq moves. Then, measured the percentage change of these moves and applied them as horizontal guide-lines on the Bitcoin chart. Then it was a matter of connecting the dots.
If this is accurate, then we could see the bottom sometime between the April to May time frame, depending on which anchor point was right.
***This information is not financial advice and is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I drew out a handful of vertical guide-lines to align in scale Bitcoin and Nasdaq prices based on key similarities such as notable dips and peaks. Continued beyond with vertical guide-lines for notable Nasdaq moves. Then, measured the percentage change of these moves and applied them as horizontal guide-lines on the Bitcoin chart. Then it was a matter of connecting the dots.
If this is accurate, then we could see the bottom sometime between the April to May time frame, depending on which anchor point was right.
***This information is not financial advice and is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
