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Is 2017-2018 Repeating Itself?

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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?
Trade ativo
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.
Trade ativo
Bitcoin may break, start heading up without stop.
Trade ativo
Look how the bottoms keep touching the purple trend line
WorldEconomics
Bearish PatternsBitcoin (Cryptocurrency)BTCUSDBullish PatternsChart PatternscrashTechnical IndicatorsmarketSELLshorttradeTrend Analysis

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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Bearish PatternsBitcoin (Cryptocurrency)BTCUSDBullish PatternsChart PatternscrashTechnical IndicatorsmarketSELLshorttradeTrend Analysis
WorldEconomics

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.