BTC_Daily.Pips
Short

Upcoming Bubble Burst? :)

BTCE:BTCUSD   Bitcoin / Dollar
848 5 3
This happens to be my first published Idea on tradingview :). This could be our phase in a bubble, moreover, the april-may bubble lasted approx. the same period of time. Cheers!
cresce
2 years ago
Interesting chart!, thanks for sharing! This would be new behaviour for the BTC, Up until now every bubble in the past (3 in total for the BTC, hardly can call it a bubble, bubbles only go once and then never recover) retraced to 70% and than stabilised for some time around the 50% fib level and took a new high from there. So basically the last 3 up moves made new highs and higher lows which is an uptrend by definition. And nobody knows it :-) Only time will tell, thanks for your very extensive chart. Great looks very well done.
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BTC_Daily.Pips cresce
2 years ago
Thank You for your thoughts. Indeed, BTC recovered after so called bubble and it is how it will probably increase fast next year as well through maybe 2 bubbles with new highs, although I think each of them stabilize at about 30% of the of the ATH. We will see. Best Regards! ;)
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DeanGoncalves
2 years ago
Looks like you were way off? Its the 19th and its 685...
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BTC_Daily.Pips DeanGoncalves
2 years ago
way off? :) I think it got to approx. 420 5 days after publication right at the blue bar in the range of the doted segment :). After these corrections, it will get always closer to the mean, probably by the New Year. Time will tell, I am pretty sure in about a month or 2 will start the whole process from the begining. Cheers :)
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cresce BTC_Daily.Pips
2 years ago
Agree, it's already happening creaping up to $800 now as soon as it starts to creap over the $1000 again it will accelerate to a new high..
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