Projecting 2011's bubble over 2018's bubble.

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
I copied the fractal of the 2011 bubble and roughly scaled the speed to match our bubble. It would put a bottom in January 2020.

I was thinking.
Why would we bottom earlier than the 2014 bear market? Wouldn't it be more logic that the cycles take longer now? More money is involved. The 2011 bear market took half a year, The 2014 bear market took roughly a year, so may be this bear market could take over 2+ years.. Who knows..



Comment: Rough guess on how this could play out back to ATH.. may be around 2023
The fundamentals are 100% different than the distance past.
@Roeks, I believe fundamentals don't influence the technical picture
Roeks VincentBoudewijn
@VincentBoudewijn, So if BTC gets banned tomorrow world wide or LN makes major breakthrough next week the technical picture will remain in tact. If you say so then it is correct.
@Roeks, I think the fundamentals of btc are strong and have been since its existence. I don't question. But what BTC went through now is a bubble, we don't get away with it just because the fundamentals are good. Bubbles have the nature of correcting between 80-90% and I think this will not be an exception this time..
Roeks VincentBoudewijn
My only comment would be that the 2011 bull move was much larger in terms of % increase over the same time frame, hence a larger/longer correction was required. It's only speculative but time will tell.
Funny, I was just going over the chart today and thinking how much more like the 2011 crash this has looked like so far. Let's see if we get a quick retest of 6k.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out