dragononcrypto
Short

If Bitcoin Repeats History? Descending Triangle Looking Similar

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The daily bars of the 2018 descending triangle are starting to match the current 2019 descending triangle . If the bearish breakdown also repeats itself in the same way, then this would be the outcome, continuing on from where the charts fit together. Notice how a similar bearish breakdown would take us to the 200 Week MA, given its current trajectory. This would be long-term bullish if this happened, ie finding support again one year later $2K higher. I'd therefore find it unlikely to return to a bear market, or even continued consolidation (which would both be under the 200 Week MA).
Sep 14
Comment: Part 2: Measuring The Move of the Descending Triangle Breakdown
Sep 15
Comment: Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low

Sep 16
Comment: Part 4: f Bitcoin Repeats History? Extrapolating 2012 Breakdown

Sep 17
Comment: Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario

Sep 22
Comment: Summary from Part 5:

If Bitcoin Repeats History?

2012: Breakdown to $6,415 with 1 year consolidation (Part 4)
2014: Breakdown to $2,500 with 1.5 years consolidation (Part 3)
2017: Breakdown to $5,350 with 2 months consolidation (Part 2)
2018: Breakdown to $5,050 with 6 months consolidation (Part 1)
2019: Measured move to $6,410 to $6,875 (Part 2 & 5)

That's a range between $2,500 and $6,875, with anywhere between 2-18 months of consolidation. Conclusion: Anything could happen. Look for clues.
Sep 28
Comment: Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1

Oct 09
Comment: Part 7: Another Bearish Indicator: 200 EMA & MA Bearcross

Oct 13
Comment: Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern

Oct 21
Comment: Part 9: TD Sequential 9 Next Week To Decide Direction?

Oct 27
Comment: Part 10: Extrapolating the 50 & 200 Day MA bear crosses

Nov 22
Comment: This first chart from two months has aged well then.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out