Coinamic

2014 Bitcoin crash layout

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
2 weeks ago I found this fractal made from trader @chewner. We all know that trading is based on news and history, and it was funny just to watch how the price was following almost exactly the same path as in 2014. Of course now the scenario is quite different, we are not in a massive adoption yet, but there is a lot of industry and big players in this space. Despite those facts, the price is moved by cicles and by repetitive patterns and today the price just hit exactly the level marked on the chart.

It may be just a coincidence, but I´ll watch the chart just for fun. I´m actually expecting the price to reach around 9200 before a correction.

Here is the chart.


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