roaken
Long

SEPT 19th 2015 vs SEPT 19th 2018

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD: 1 Day Candles, Log

Using the fork channel tool and counting the major highs and lows I've put together this chart that may indicate where we are in the market cycle for BTC by comparing our current structure to the 2014 bear market cycle. I would note, the 2014 bear market was caused by major security threat FUD, while our current cycle is price adjustment, so one may assume our current cycle is more bullish and less likely to have multiple flash crashes but instead push the boundaries on how low it can go with out creating drastic new lows.

The chart really explains itself. Match each drawing tool to the 2014 cycle and you'll see that Sept 19th was the turning point back in 2015 and the patterns are eerily similar to our current cycle. Happy trading! I'm going long :)
Appears BTC has tapped its favorite trendline again. Possible hold on this line? If so, we can see where this chart is going!
Reply
Same here, and if we happen to go lower I have some cash reserves to get more :)
Reply
roaken Poukitoun
@Poukitoun, That's the right play. i was looking over this graph again now, still looks on track, but I noticed our point 5 isn't that low compared to last bear cycle. AKA big drop could still be possible. That's trading for you, hope for the best, prepare for the worst
Reply
Long too, good luck.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out