Bitcoin 2014 Crash Overlay

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I've tweaked the chart a bit from the very first one I made a month ago. Still the same outcome, this just shows the resistance and support lines a line better. Red line is Metcalfe's Law for Bitcoin and where it's user value truly is, anything above it is pure speculation.
Comment: Here's a quick video I made showing how to use the Bar Pattern tool to make the overlay:
Comment: didn't catch that I had drawn one of the lines a little incorrectly until earlier today. Upper target reached and shorts have the power now.
+1 Reply
@nistic, yep, broke out of the bear market
A few ideas about what´s going on.
+1 Reply
chewner babyjungle
@babyjungle, good write up!
I love your chart, thank you!
+1 Reply
If BTC does not drop to 7500 closing daily then this overlay is invalid. Too many dips overlaid on small pumps.
+1 Reply
Well, that crash in 2014 was caused by MtGox hack so I don't see any reason for massive crash now. However, whales can do that but that's most unlikely atm. Anyways, thanks for sharing your thoughts!
+1 Reply
thanks for the great understanding! we are still in bear market...
Wow this is one of the worst comparisons I have ever seen. You do not do TA without taking into account the sentiment. What's the current sentiment?
@tecknit, What do you think the sentiment at the top was?
+2 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out