I'm exploring the idea of fractals of higher degrees repeating themselves at smaller time scales. This is something I've done before that helped me identify the Bitcoin flash crash a few years back.
In this experiment, I'm overlaying the SPX 2003-2010 market rise and decline against the market rise from March 23rd 2020. I noticed that the price movements and magnitudes are similar. Did we hit a market top already and are now only a couple days away from rolling over? If this were true, it would be ugly. The market decline would only last a couple of weeks but would be violent. Seems hard to believe I'm putting it out there as an experiment.
@uranusceo, it's not labeled as Bitcoin. He just said he's done a similar fractal analysis with Bitcoin in the past...
qnp
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@farmerisland, Good analysis. Odds always seem bad with these type of drops but I think in this environment it is likely. At this point, the stock market is probably similar and just as risky FOMO market as bitcoin 2017.
farmerisland
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I don't think you're off your rocker at all. Sure, it's an experiment or speculative analysis, but the fractal pattern has definitely been playing out true to true. I confirm! Should be soon!
paws19
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Keep us posted 😀
paws19
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I've been thinking this feels alot like the 2000's. Nice to see the comparisons. How far down did you take it? Cant see the lower end of your chart.
kcabral
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@paws19, you can shrink the y-axis on the right to see the bottom. It shows the bottom of 2040.
The market is starting to roll over but it's still too early to tell.