lowstrife

Comparison between the last two Bitcoin recoveries

BITSTAMP:BTCUSD   Bitcoin
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1) The peak of the most recent bull trap to the bottom of the crash and the lowest point of the whole period.

2) The recovery after the crash, which both times only takes 6 days, and the first signal for bullish markets to return.

3) The pullback from the recovery.

4) The Silk Road crash and a retracement we might have to do in the future. However, that was a one-off event that is unlikely to ever happen again.

5) The time range between the previous bull trap and the bottom of the crash is also almost identical in both cases.

Overall these recoveries are staggeringly similar.

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