Ignoring elliot wave counts indicators and simply going to comparing pictures and seeing if they match up, I've decided to create another chart showing the comparisons between the bubble blow-off periods we have been experiencing for the last 12 months to the one we experienced several years ago.
At the end of the day we would, if we were to mirror this range, spend a considerable portion of 2015 in this low range while the market "bottoms" out and bears wear themselves out.
Like, comment, share, etc! Let me know if I'm full of it or if this is a brilliant piece of artwork.
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Will the $166 flash crash provide the "double bottom" on an entirely different scale? Time will tell. I can't wait to see this chart in a year and see what she looks like. 2016 will be an exciting year with the halving + many things launching Q1\Q2 2016.
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Please Note, as of 12-12 there is still a bug not letting this chart to be played.
The range of 2015 has been exited while the bears indeed did wear themselves out. The mirroring of the range in 2011 did prove to be accurate as well, both in moves and ratio's.
I cant imagine todays cycles matching up to 2011 when there was near zero adoption. Too many big players in the game and the stakes are heating up, steadily.
LastBattle
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much amaze, so wow
Anima87
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Can you post an update that can be viewed by regular users? - It seems this one just keeps loading when you want to update one of the charts.
lowstrife
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This is a bug in tradingview actually... Fix is in progress one of these days.
Xman
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great chat
Zoltan
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Super! May be you can publish some new data on this analysis?
IAmSatoshi
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Time is a flat circle
Maddie
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Very good work! You've done great fractal, the only thing i'm doubting about is the raise from 1,60 to 33 and the raise from 100 to 1200. I don't know if you can compare these two with each other......
tootyfrooty
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Also been analysing gox charts recently and the similarities are astounding. Long way to see if we're bottoming, but a revisit of 150-160 in a month or two would be great. The two recovery levels are 450 and 800$ also... Dreams...