BTC 2014 vs 2018: Post ATH highs/lows comparison + capitulation?
Looking at 2014 & 2017/18 post ATH 0.18% it is clear the highs and lows are following a very SIMILAR PATTERN.
IF we now follow the same movement as 2014, this is Bitcoin's last hurrah before declining and ending in capitulation before we can begin again.
Let's have a look at the numbers:
2014: From ATH 0.18% (2013-11-25) to the 4th low (2014-4-7) it took: nearly 5 months.
2018: From ATH 0.18% (2017-12-11) to the 4th low (2018-6-18) it took: just under 6 months.
2014: From the last high (following 4th low) to the 5th low (capitulation) it took just over 6 months.
Takeaway: We seem to be following the same pattern and timescale, so can we expect a decline and capitulation during the next 6 months? Let's see.
All positive and negative comments welcome.
Disclaimer: I have only been into cryptocurrency for just over a year and TA around half a year.
Nota
2014: From the last high ($686) to the 5th low ($275) it dropped 60%.2018: IF the last high was $8,527 and IF we are following 2014, it should drop 60% to $3,411.
Nota
Why when I typed *ATH did it automatically change it to that thing? Automatically detects tickers?Nota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.