yerb

A clear similarity with the 2013-2014 "bubble" fractal

BITFINEX:BTCUSD   Bitcoin / Dolar
This is logarithmic chart, and yes these are fibs.

The overlay is a segment from 25. Jul 2013 to 25. Jan 2014.

Charts are by nature fractal , so in a way history repeats itself and shows us that our minds work the same way and the patterns repeat.
This time around the scale is much grater, but proportions stay the same and this is the mark of a fractal .
could you make the continuation
Balas
looks like it got invalidated by the bears. is this bullish or bearish?^-^
Balas
@yerb Very uncanny! Nice work. Followed
Balas
ok lets go to 16k
Balas
Dude ... epic chart
Balas
The similarity is incredible! Good eye.
Balas
this is scarrying accurate...
Balas
profundus profundus
@profundus, no more :)
Balas
Agree, but to make another interesting possibility you could also modify the chart a little to show the price action from 2013/2014 raised as if the final huge correction (top at 0.236) lines up with Bitcoin's most recent ATH?

Given how much the market has grown perhaps the last two months are more akin to that final huge flash crash of 2013. It only took a few days to play out but I remember everyone thinking the top was in already.
Balas
Awesome find ! I charted the same thing earlier
+6 Balas
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