First and foremost, this post is highly speculative and makes several assumptions. It is primarily posted for observation and experimental reasons.
This idea takes the Mt. Gox crash fractal and overlays it on the chart to the exact day. Let me explain. The Mt. Gox crash started on 12/4/2013 and this crash started 12/17/2018. The present day crash is 13 days behind schedule. So, I copied the fractal from 3/23/2013 (4/5/2013 minus 13 days) to the all-time high and pasted it on today's candle.
Now, these are the assumptions that we make for this idea:
1. The present day crash lasts as long as the Mt. Gox crash (remember that these are just assumptions and not fact)
2. The crashes have the same severity
3. The behavior of the market remains relatively the same in both crashes
4. The recovery that follows the crash is just as glorious as the one that proceeded it
Conclusion:
If the price follows the fractal then it would be wise to consider exiting the market once the price breaks the white support (super critical line).
The best reentry point would fall on the green line. The sell target is featured on the chart as well.
Finally, if the price never breaks the white support then you should consider a long hold and this idea would become invalid.
This idea takes the Mt. Gox crash fractal and overlays it on the chart to the exact day. Let me explain. The Mt. Gox crash started on 12/4/2013 and this crash started 12/17/2018. The present day crash is 13 days behind schedule. So, I copied the fractal from 3/23/2013 (4/5/2013 minus 13 days) to the all-time high and pasted it on today's candle.
Now, these are the assumptions that we make for this idea:
1. The present day crash lasts as long as the Mt. Gox crash (remember that these are just assumptions and not fact)
2. The crashes have the same severity
3. The behavior of the market remains relatively the same in both crashes
4. The recovery that follows the crash is just as glorious as the one that proceeded it
Conclusion:
If the price follows the fractal then it would be wise to consider exiting the market once the price breaks the white support (super critical line).
The best reentry point would fall on the green line. The sell target is featured on the chart as well.
Finally, if the price never breaks the white support then you should consider a long hold and this idea would become invalid.