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Je_Buurman
May 13, 2019 8:10 PM

Why every comparison with 2015 is wrong and will fail. 

Bitcoin / DollarBitfinex

Description

First of, in my opinion, trying to compare uptrends (or "bullmarkets" as the 'Simplicity-Seeking' traders like to say) is utter nonsense.
Every trend differs, what ever 'fundamentals' people talk about, they change constantly, the market changes.
Newer ways of buying and selling (bitcoinmarket.com - mtgox - present-exchanges - future contracts etc.)
Newer technologies or implementations (e.g. Forks, Core changes and updates, external add-ons like Lightning network etc.)
One trend may be fuelled by a housing bubble while the next may be fuelled by a (trading)war or a corrupt government of some third-world country.
So .. every trend differs.


If you look at every 'swing low' and 'swing high' you'll (hopefully) see the differences.

In reverse order (I'm not including the possible start of the 2019 uptrend on purpose)

The "bullmarket" (uptrend) that started beginning of 2015 and ended december 2017 with the consecutive downtrend (or "bearmarket" again for the people who like to think in simple contrasts)

First months of sideways action, the uptrend started rather calmly and only started 'paraboling' (euphoric stage - where you want to sell, not buy!) after May or June 2017 (after it passed the previous Swing High)

Let's take a look at that one then

This uptrend started without sideways action, only 3 months of "normal" growth and the went parabolic already (again after passing previous ATH)
then slowly bleeding of for a very long time (compared to the rise)

one further down ..

This trend started with a strong push up, then incline, sideways action about 3 months, few months of steady grow fast profit taking, 4 months sideways the accelerating to parabolic (after passing ... )
This one started and ended in more or less double bottoms

all the previous trend, July 2010 to December 2011


Every trend is different, don't try to compare them.
As amusing as Pareidolia can be, it will not help you finding buying or selling targets.

Comment

So .. what else could i put up here to show the differences other than trend-structures alone ?

Not a fan of useless lagging indicators, so making an update about golden-crosses and the likes ... well


I could make an update about Volume, but that's totally useless too, since nobody knows real trading volume (OTC etc.) opposed to "reported" on exchanges.
Would all that small bot-trading count ? or only bigger orders ?

Which could be useful is "NEWS" trying to correlate between FUD and actually good (impacting) news, but again, in hindsight one would try to find news that could have fuelled FOMO regardless of whether it was the actual spark or not.
Don't forget "all news is already priced in"

Anyone have any suggestions ?!
Comments
miquael
i'm curious how long you've been into trading Bitcoin etc?
Je_Buurman
@miquael, I can imagine, but does it really matter ? Some people learn things in 1 year what others won't learn in 10. Also, the knowledge brought into trading differs from person to person. Some here (claim to) have had financial education and still suck at it, while others are absolute noobs and make very good anal-yses. Let the data (charts/ideas) speak for themselves .. (enough clowns here who brag about how great they are yet all their 'ideas' show the opposite, and then they twist and turn to try talk it right)
In short, an arbitrary number of years doesn't tell you anything.
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