The comparisons to 2013-2015 bear market have been made ever since the dec-feb collapse and while premature, lining up pitchfork slopes & yearly avg gives the fractal even more accuracy. And the price & RSI we're trading at now is key.
The driving factors for the collapse (bear market) throughout 2013-2015 were far more serious than anything now and although the fractals may signal a similar pattern lower post yearly average break, the driving fundamentals may not be present. Mt.gox bankruptcy and silk road closure annihilated the demand for bitcoin, and unless a top 5 exchange is successfully toppled that demand will not be evaporated.
@Chalfie24, top of the bubble is not 20k. It's somewhere between 40-100k
FibnFork
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@DukeDinhd6, The lines weren't drawn wrong then. You can have multiple bubbles, that 2017 bubble topped at 20k. Dropping 70% definitely qualifies as a popping of the bubble
DukeDinhd6
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@Chalfie24, this is the correct way to draw the lines. We're near bottom support line
FibnFork
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@DukeDinhd6, There is no "correct" way to draw a pitchfork. You merely try to find the slopes which fit the trend you're watching. I think the schiff (weekly) & modified schiff (daily) fit better
Kripto_Sansar
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Dont think like 2014.. Btc is not the same as in 2014.. things ll be different in 2018-2019..
FibnFork
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@EkyInvestTrade, Yeah I agree, technically the pattern looks similar. But the market is not the same