Is BTC drawing the same pattern as we saw on 2014/2015?
First, a 70% drop from ATH (from 1160 $ to 338 in 2014, from 20.000 to 5.840 in 2017) followed by a 100% recover form the bottom (from 338 to 675 in 2014, from 5.840 to around 11.800 in 2018). The last step is a drop to the 50% of the previous bottom: in 2014 it was 160 $, 50% of 338. Today it could be 2.900 $, 50% of 5.800.
Disclaimer: this is a personal opinion, not an investment advice.
First, a 70% drop from ATH (from 1160 $ to 338 in 2014, from 20.000 to 5.840 in 2017) followed by a 100% recover form the bottom (from 338 to 675 in 2014, from 5.840 to around 11.800 in 2018). The last step is a drop to the 50% of the previous bottom: in 2014 it was 160 $, 50% of 338. Today it could be 2.900 $, 50% of 5.800.
Disclaimer: this is a personal opinion, not an investment advice.
Comment:
Still valid, G20 gave a little boost but there is still a lack of volume. We could have an invalidation only if the price break 10.000$ level with a huge green candle and enormous volumes (like February 6th).