WorldEconomics

Is 2017-2018 Repeating Itself?

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COINBASE:BTCUSD   Bitcoin
The similarities of the Dec 2017 spike and crash of Jan-Fed of 2018 seem eerily similar to what we see today. In fact I highlighted the parts that seemed very similar. Color for color, move for move, and even the time frame seems quite similar. Within a few months, we saw a huge spike in the price of Bitcoin, than a quick decent. As of this posting;

  • Bitcoin has "corrected" 30% from its high of $13,868.00
  • RSI is oversold on 30min-4hr charts
  • MACD crossed on 1-day

Thoughts?
Dagangan aktif:
The price of BTC is still following that downward slope, so until it breaks clear of that, I believe that similarities still remain very much the same.
Dagangan aktif:
Bitcoin may break, start heading up without stop.
Dagangan aktif:
Look how the bottoms keep touching the purple trend line
Penafian

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