Emanance

Phases of a 'Bitcoin' Bubble

BITSTAMP:BTCUSD   Bitcoin / Dollar
a year ago
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.
a year ago
Comment: 'Phases of a Bubble' chart by Jean-Paul Rodrigue https://en.wikipedia.org/wiki/Jean-Paul_Rodrigue
a year ago
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."

http://canadianfinanceblog.com/is-the-current-market-a-return-to-normal/

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Killy_Mel
a year ago
great job! but look at the 2012-2013 uptrend and then decline, it looks exactly like the next one but smaller=)) so whats next? 200 to 2000 and back to 400?)
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mrsky Killy_Mel
6 months ago
400 to 750, then back to 570ish.... quite healthy this time around, much more stable. Even with a Gox like scandal in the middle. Dramatic change in bitcoin holders education since 2013.
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oldstout
a year ago
Text for ants. Can you put text in comment below chart?
+1 Reply
Emanance oldstout
a year ago
Looks like TV scaled the text quite differently from the editing screen I made the chart in... Hope this image of the edit helps :)

image]https://www.tradingview.com/x/er7ngkIA/
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Emanance Emanance
a year ago
snapshot
+2 Reply
onemanatatime
a year ago
Looks great! Do you have an update?
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Emanance onemanatatime
a year ago
Thanks. This was done mostly as a bit of fun. I was playing around with the format of the famous 'Phases of a Bubble' chart by Jean-Paul Rodrigue https://en.wikipedia.org/wiki/Jean-Paul_Rodrigue It's funny how well Bitcoin fit the mould.

If you hit play, it's kind of interesting, as you can see the potential for the cycle to repeat, so as the theory goes... That said my most recently published chart explores a repeating time sequence, governed by a mirrored time based Fibonacci ratio:

It
+1 Reply
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