TheChasm
Long

Bitcoin Symmetry from 2014

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Comparing the 2014 move that topped out at 1.4k to the present move that topped out at 20k we can see similarities in the shape.
If symmetry continues, fib levels show we are headed to 14.4-17.5k over the next 2 months.
YOU ARE COMPARING DAILY TO HOURLY. LOL. The basing process will be a few months. In the first chart, that rally took place over a year. Not a few months. It's just gonna rebound back that fast after a devastating fall. Go back and compare the DAILY to the DAILY so as not to mislead others. Thanks.
+1 Reply
josephtse josephtse
@josephtse, It's *NOT gonna rebound that fast after the blowoff top.
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your right history always repeats it self with BTC
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Symmetry should be an indicator of what will NOT happen... price patterns never repeat exactly the same
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TheChasm PRO devilninja777
@devilninja777, Lmao. who told you that? tell me about the OTE fib zone in the last 3 parabolic moves in bitcoin and then come back to me buddy lol.
+2 Reply
it had way more symmetry with june-july 2017, but it broke that symmetry last week
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@valtersboze, the symmetry is still there. It's just "evolving" a little in conjunction with the larger volume not present back June/July
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Oh, thank you)) This trader is also have similar point of view))
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@kwarty, Similar target. different point of view.
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kwarty PRO TheChasm
@TheChasm, :D Haha, yeah, BTC requires to be more accurate in the formulation))) #sorryformyenglish
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