kdleschinski

2013 - 2017 major channels including Nov 2013 bubble pop

KRAKEN:XBTEUR   XBT / EUR
Over the last 4 years, we've seen 4 major channels.
- The first on this chart is the "parabolic" channel leading up to the Nov 2013 bubble. Here BTC             was increasing at a rate of 550% per month, with several large >50% jumps in quick succession. This channel last for 6 weeks before the bubble burst.
- The second is the 18 month bear market, where BTC             was losing ~6% per month.
- The third is the recovery which lasted ~24 months, with BTC             gaining ~8.5% per month.
- The final channel is the one we are (still) currently in, albeit pushing at the upper boundary. The current rate is ~30% per month.

Lets see if we break out of this channel in the coming weeks. Then I think we're in for the last leg of the bubble. With all the new attention and money flowing into BTC             , I'm optimistically bullish for the next couple of months. We haven't yet reached the >100% per month growth rate, but once we do, I'll start looking for a good place to cash out.
Very interesting how the price started to spike quickly higher after breaking the channel to the upside and then starting to stop falling after hitting the channel from above again.
Balas
Great work!
Balas
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