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Rudcardinallo
Mar 31, 2018 9:46 PM

Bitcoin relapse, Same correction, but shorter. (2014 vs 2018) 

Bitcoin / U.S. dollarBitstamp

Description

The idea behind this is the dip dates and their proportions.
Chart explains itself.


Comments
Taiwan_Bear
Interesting. Thanks for the info. Kind of match my prediction that BTC is going to drop to $4436 around the 13th April
ShaheenFahmy
Couldn't agree more.
It's all about market cycles.
serviceleads
Nice. Have checked ‘15, ‘16, and ‘17?
Rudcardinallo
@serviceleads, No, because i think 2014 and 2018 are similar because they are not corrections imo, they are crashes due to speculative bubble created starting @5.800k 'till 20k this year. Those price increases are not natural, call it FOMO etc. thus they are not going to get tru a normal corrective phase.
serviceleads
@Rudcardinallo, That makes sense, thanks for the insight. I didn't know 2014 was was a speculative bubble year.

I have been doing some Year vs. Year analysis, looking for trends. I made one going into the month of March comparing February & March of 2015, 16, and 17, to forecast 2018. While my price forecasts were over-shot, the general movement was pretty on point.

One thing I noticed almost every year bull market comes back right around April 1st...screenshots - 2015: i.imgur.com/Bql10dq.png, 2016: i.imgur.com/b0w37a7.png, 2017: i.imgur.com/ow6DWBJ.png

But, I did not consider 2018 as a correction year (even though it's quite obvious) compared to 15, 16, and 17. This might explain why my original price forecast in February/March was lower than expected.

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