2013 vs 2017. Crash cycles are all the same. Target around 10k USD (THIS CYCLE!), will be re-evaluating this target later this week after a couple of daily closes. Furthermore there is a copy of my excel sheet where the relevance between the 2013 and 2017 candles have been calculated
Goodluck,
Gabriel Molenkamp
EXCEL SHEET
2013/2017 % wise it all makes sense:
2013
Q 1d candles % change
Q1 15
Q2 9 60%
Q3 5 56%
Q4 6 120%
2017 Q 1d candles %change
Q1 113 63%
Q2 67 59%
Q3 38 57%
Q4 45,6 <------------------ calculated on basis with the assumption that relatively seen Q3 to Q4 takes 20% longer based on 2013 fractal.
aka 120*38= 45,6 candle
Goodluck,
Gabriel Molenkamp
EXCEL SHEET
2013/2017 % wise it all makes sense:
2013
Q 1d candles % change
Q1 15
Q2 9 60%
Q3 5 56%
Q4 6 120%
2017 Q 1d candles %change
Q1 113 63%
Q2 67 59%
Q3 38 57%
Q4 45,6 <------------------ calculated on basis with the assumption that relatively seen Q3 to Q4 takes 20% longer based on 2013 fractal.
aka 120*38= 45,6 candle
Note
there u go, trend continuation as expected. As many *crypto OG's* are guessing tops, we are easily looking at the beginning of the fifth and final wave.Note
Pinning and leaving it here.#Bitcoin last all time high of 2017:
Bitstamp price(!): $12715
Date range: 2-3 december
This will be a wick. Expecting the weekly to close below $10000 as this is a major psychological barrier.
#AlmostRetired
Note
white line on point with dates of crash, except the targets were way off. fml.
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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.