BitcoinLong
2015 or 2019? BTC TracKING bubbles
Can you tell the two apart without looking at price?
I cannot.
Long.
TP 1: $50,000
TP 2: $67,000
TP 3: $95,000
Bubble 1
January '13 $2 to January '13 $1200 = 50,000% increase
Crash til January '15 $150 = -85% decrease
Bubble 2
January '15 $150 to December '17 $19,600 = 12,000% increase
Crash til December '18 $3170 = -83% decrease
Bubble 2 percent gain was 25% of Bubble 1
By extrapolating that to Bubble 3, I expect a 3,000% increase in price.
From $3170 to $95,000
I cannot.
Long.
TP 1: $50,000
TP 2: $67,000
TP 3: $95,000
Bubble 1
January '13 $2 to January '13 $1200 = 50,000% increase
Crash til January '15 $150 = -85% decrease
Bubble 2
January '15 $150 to December '17 $19,600 = 12,000% increase
Crash til December '18 $3170 = -83% decrease
Bubble 2 percent gain was 25% of Bubble 1
By extrapolating that to Bubble 3, I expect a 3,000% increase in price.
From $3170 to $95,000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.