Retried comparison with May/June 2014 - see image in description

BITFINEX:BTCUSD   Bitcoin / Dollar
62 4 0

I'm new to this so it partially worked. Apologies up front that it's still not quite right.

The image I wanted to publish is the one above with 3 chart views side by side. 2 of the May/June 2014 surge and the 3rd of the current one in progress.

The comparative price, volume and MACD profiles are interesting imo. A partial fit works from the 2nd chart positioning us over the top. But the best fit is from the first chart positioning us mid way up.

At the very least this shows that then with several similar profiles as to now the next move was a steep rise. The difference now of course is that price is much closer to the upper bounds of the bearish channel viewed on an arithmetic scale. But as I and others have pointed out this not true in the log scale (see related idea).

Personally I think its too close to call but nevertheless find the comparison interesting.

Time will tell if it proves pertinent.
ditz PRO
2 years ago
Well it sort of worked. Still haven't got the main image right.
How do you make the volume at price charts?
ditz PRO joaquin.gonzalez.33
2 years ago
Volume profiles require a Plus subscription which is available free for 30 days - main reason I'm on one just now.
joaquin.gonzalez.33 ditz
2 years ago
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