Bitcoin and Bubbles. Amazon.com, repetitive human behaviours.

BTCUSD

Hi people!

Time to chill on this Sunday, by staying home, and why not having a quick look of what happened to the Amazon.com stock during the early 2000's.

You can see that this bubble crashing pattern was very brutal, as we almost don't see any important bull trap.
As opposed to cryptocurrencies, you can see that stocks crashed in a slow process during the dot.com crash, as it took the stock 1 year and some months to be completely crashed.
Crypto currencies generally crash in a matter of a few months (except the Mtgox crash that left Btc under 1.000$ for some years).
The current Btc pattern could form a sort of equivalent pattern regarding its bottom.
Amazon bottomed around slightly above of its rally start.
If we report this to Btc, we could form a bottom at around the 3.000$.
This is of course very hypothetical, the bottom could be higher, or why not even lower.
The Amazon stock ended up with a period of very low volatility between April 2001 and July 2001. This period, is the very ideal timing to buy the stock if you are investing for the long term.
As the volatility is low/very low, traders are not interested with this stock, as potential profits are meagre. But this is where you have to inject your cash if you think the asset will gain some value in the future.
This buy time could be valid for Btc, unless another rallye to new highs brutally happens leaving no opportunity of low volatility periods, which is possible.

Amazon stock ended up slowly rallying to the top, to new highs, and now we can see that Amazon has formed another important new bubble pattern rallye, which should dangerously questions about Nasdaq current health.
Yes, we have high chances to be again in a bubble regarding the dot.coms.

Have an awesome Sunday.

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The new bubble rallye pattern beeing formed