The most distinguishing difference between the two periods are the two channels close to the down . In 2014, a narrow channel acted as a support for several days (imagine poor traders waiting for breakout for such a long period of time) while in 2018, a slightly narrower channel has acted as a resistance. This simply shows that this market/"they" (see my previous half-baked theory about "they") is weaker now compared to then. If you note the angles (note the pink line), we are crashing at a much higher rate than that of 2018. While it is possible that we break the log down soon (as you can see in my previous magical overlay chart), such a scenario would be an optimistic one.
As you can see in the chart, we are about to touch this ominous for the 4th time. In 2014, 4th try (after a dip) failed. It can fail now just as well. In that case, BTC will try it one more time, which if it succeeds to break out, it could potentially lead to a big bull trap as it did in 2014.
I apologize if this idea confuses you. Confusion is the worst enemy of trade. I post these ideas for feedback not for teaching. I am not a technical analyst. I did not know what margin trading is 2 months ago neither did I know anything about . I am saying this so you don't trade based on my ideas. If you are new to trading, it's best to listen to people with proven track record. I can recommend you to get advice from these people:
MarcPMarkets: conservative. near zero risk, a bit of reward
Cash-is-King: pragmatist. low risk, high reward
TheTrex: the artist. his charts don't lie
Giorgioversace: a big bear. gives you perspective mostly scary ones :D
"I'm the of the charts, a , an , a , and I go by the name of !"
Please like if you like. We, adults, are just old kids :D