I created a chart just for fun. I compared prices from 2014 crash of Bitcoin
and 2017. I know that the space has changed a lot and today we have much more volume
than in 2014. But still i found a lot of similar activities. Perhaps this is because of human psychology, because the timing is almost exacly the same. In 2014 the "bear" lasted for about 413 days. If we assume that the "bear" is finished and we are entering crypro summer; bear lasted 364 days but price hasnt realy changed until day 413. So this is realy interesting. Also another interesting fact is that in crash of 2014 price fell to 20% of its all time high. In the latest crash; if we assume that we hit bottom which I belive we had, the price dropped to 18% and on day 413 to 19% of its all time high. This two facts are realy interesting. I dont know a lot about technical analysis
but i made two simple charts showing that history is already repeating itself.
I am new to publishing so if you cant see graphs; you can acces them here.
I am currently working in the space of blockchain technology so I think that from technical standpoint the price will reflect its benefits. In future (5-10 years frome now) we can expect that blockchain will become mass adopted because its a no brainer to still hire banks and lawyers if the "code" can do that for you. Also blockchain could become main technology in spaces like medicine, logistics, politics (voting) and much more.
Everybody who will see this :D, please dont judge on the technical point because that is my first chart and it was made in an hour for fun :D