Phases of a 'Bitcoin' Bubble

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Everyones probably seen the old 'Phases of a Bubble' template kicking around the web. So I thought I'd give the daily price chart for Bitcoin             the 'Phases of a Bubble' treatment.
Comment: 'Phases of a Bubble' chart by Jean-Paul Rodrigue https://en.wikipedia.org/wiki/Jean-Paul_Rodrigue
Comment: I've added this link to a great interview with Jean-Paul Rodrigue that goes into the different phases in detail. As we have been trading inside the 'Blow off Phase' for the last 2 years I'll include this choice quote from his description:

"There is even the possibility that the valuation undershoots the long term mean, implying a significant buying opportunity. However, the general public at this point considers this sector as “the worst possible investment one can make in his life”. This is the time when the smart money starts acquiring assets at bargain bottom prices."

Spot on bubble structure analysis with a rational buy opportunity signal for long term hodling.
Congrats to you as not anyone see Bitcoin bubble patterns in a logical way, most of the crow is shouting foe rallies in the wrong part of the structure.
Giorgioversace Giorgioversace
Cryptopile Giorgioversace
@Giorgioversace, Do you think we are approaching the "return to normal" phase?
High chances we are right in it, in a bug bull trap that can possibly be bigger than the one of last February
But keep in mind the 2014 and 2018 crash structures are different
2017 Btc could produce a Nikkei bubble pattern
Cryptopile Giorgioversace
@Giorgioversace, my assessment of the 2014 shows we are tracking it exactly to date. I've gone back with guppy indicator, alligator. All are showing exactly the same pattern with candles doing the same penetrations. From here if it follows 2014 it would track down the down trend line to low 7000's before real break out bull trap. I guess we'll see. By the way, I'm not surprised to see you lurking back in time here in bear territory...lol

I was actually seeking for a specific pattern during the silver bubble and it showed this Bitcoin TA on some archives lol
Cryptopile Giorgioversace
@Giorgioversace, i just happened to stumble across it. I knew it was a 2015 TA and was surprised to see your comment an hour before I got there. It was kind of like the past meets the present. Everything is bullish. I'm suspicious...
Yes it is normal to be suspicious if you know how markets are behaving with their repetitive post crash structures and patterns
A rally and a bull trap are both scenarios to be considered a possibility
Do you have an update for 2018? :-)
+3 Reply
Looks great! Do you have an update?
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