BitcoinAtualizado 2014 and 2018: Similarities and Differences
So finally more of the pundits are starting to recognize that this correction is akin to 2014. Though similar, there are some differences...
1] As the spike was less, the correction is shorter
2] Closer to the multi-year base-line [300% per annum]
3] Much steeper correction
Other significant factors:
1] Retracement form the peak is to the 0.78 Fib level, to roughly 25% of the peak price
2] The death cross, representing a long period down and sideways.. though only six months for 2018
3] The new spike begins when the previous ATH is recovered.
I'd add that this is a working model I take it to be provisionally true until price developments falsify it. At the moment, price developments have only served to corroborate it.
1] As the spike was less, the correction is shorter
2] Closer to the multi-year base-line [300% per annum]
3] Much steeper correction
Other significant factors:
1] Retracement form the peak is to the 0.78 Fib level, to roughly 25% of the peak price
2] The death cross, representing a long period down and sideways.. though only six months for 2018
3] The new spike begins when the previous ATH is recovered.
I'd add that this is a working model I take it to be provisionally true until price developments falsify it. At the moment, price developments have only served to corroborate it.
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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.