sonus
Long

BTC: Bubbles Trending Up

160 1 1
Note the following:
- Past bubbles are spaced evenly apart
- Past bubbles share a similar pattern (red dotted line)
- Longterm trendline A passes through the price action of II, but nicely touches the post-peak rally and on to III             .
- Longterm trendline B is a reset of A, touching the post-peak III             rally and presumably peak IV new all time high.

If somebody knows of any commodity/asset/security that has multiple rising bubbles like BTC has, please let me know.
Hen0xyd
2 years ago
Very clear and interesting chart ! I think you're not the first to have seen this pattern for bitcoin successive bubbles and it appears that prices (and timings) are pretty accurate regarding the red pattern.
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