TheKujiras
Long

Crypto vs DotCom Bubbles

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
1487 views
32
A comparison of market cycles.
Comment: Waiting for the price to hit near $6,000 and then rebound. In the dotcom burst we had a backtest and accumulation before the next run. I'm expecting the $6k rounded target before hitting $55-60k (next runup) but prepare for a slight pullback from $20k to $16k before the big run.

Comments

nice comparison
Reply
Do you have an opinion about the different form of bottom, clear V shape for Dot com.
Reply
TheKujiras trixhome
@trixhome I am looking for the support line to break for a final shakeout. After the break I look for a quick recovery OR a reversal pattern. On a smaller timeframe I see a potential AE DB and a setup for a new bull run. This would pull us to about 5.5k and then another pullback and ultimate run up to a new high.
Reply
TheKujiras trixhome
@trixhome, so far we are following pattern still. I wish the Yume Wave (bottom indicator) would update in the chart, but unfortunately it doesn't. :(
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out