botje11

Bitcoin 2015 and 2019,Yeah i have done it :)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
My followers know i don't look back before 2017 (actually not even before end of 2017) for reasons i have explained several times, you can also read it in this educational post i did a few months ago:




Reason why i am making this post, is because i got this question/comment many times and seeing it here on TV as well. The ones i saw, i did not really like, because most people were saying that the rally from 4k to 5k is the blue zone and not the orange zone that i am showing here. I believe, that if you really want to compare them, you need to look at more details and not just what fits your bearish or bullish view. IMO , what makes most sense should be the chosen.
Now i really don't like to compare these things like they are the same, because the market then is so much different than nowadays (as mentioned above). I think the biggest reason for seeing it like this, is the red resistance zone . It was a big one back then and it was a big one at 4200 now as well.

Funny to see actually, is that in 2015 it made the perfect retest of the red zone (current 4200ish level). Something i have talked about for a while now, that if we drop again to retest supports, that this will be the big question: Is the bear market over or not. A successful retest of 4000ish would be a big step towards this goal.



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I agree that we need to retest $4/4.2k first but it probably won't hold imo

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Cryspo Cryspo
@Cryspo, 4/4.2k will become the next "$6k unbreakable" support until it breaks.
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You can't cheat gravity or skip time, right?
Likewise, the market will work its course without taking the shortcut wishes of individuals (wishful thinking) into consideration.
It won't skip anything for the sake of some people's wishful thinking, like "the bottom is already in".
Make no mistake.

To every thing there is a season, and a time to every purpose under the heaven:
A time to get, and a time to lose. A time to keep, and a time to cast away.
A time to cast away stones, and a time to gather stones together.

What I make of it:
Now it's a time to cast away stones, not a time to gather stones together.
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We are GOING to the moon! yeahhhhh hahaha
ETH rollin'
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@lvg3g, lol :)
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Thank you david for this eductional post.
lets look if we get a nice retest :)
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botje11 no_name2
@no_name2, Your welcome :)
+1 Reply
I hope it doesn't happen, BUT the possibility is still there.

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Andbcoin Andbcoin
@Andbcoin, If you read my post, you will see why I think it could go lower.
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in 2015 we had a golden recross and the orange circle though after the first golden cross got crossed bearish again. so far we only had one golden cross here. do you think this matters much?
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