DennisLeeBTC

OK Let's put that 2014 Bear Fractal Theory to Rest

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I'm tired of seeing sloppy comparisons of the fractal from the 2014 bear market skewed and stretched for convenience without any regard to wave count or time. That is just confirmation bias. You can see that yes, there is an uncanny resemblance between the two, however the TIME element is often ignored. If you look at the equivalent peaks and valleys you see that they do correspond, however with the additional volume in the market (and my personal theory that this is only a subwave of a larger wave) things have sped up dramatically. Let's compare apples to apples.

We have 5 waves down, a double top , and a double bottom with the second leg higher than the first. Then finally we have a bowl shaped consolidation period followed by a parabolic move.

Furthermore, in the runup to the 2014 bear market, we saw a 1739% rise in the price, whereas in 2017 it was 264%.

It could not be any clearer. We are NOT repeating 2014, if we continue the bear market it will be something entirely new and different.

Case closed.
months has made weeks,like your bulldreams lol
Reply