You can see the ghost pattern of 2014 crash in light blue. It is compressed 25% but nevertheless represents a good idea how this years crash can continue.
The upwards channel seems strong and I think we can go as high as 12k usd.
bigger picture in link
I have updated my superposition charts to reflect the channel break that we had recently.
I believe that this chart is even more realistic than my previous ones as the 2014 ghost pattern (in blue) is only compressed by 25% on time frame. I think this is also reasonable as we have in a slightly faster moving market today than in 2014.
So as you can see the top...
I have done this superposition back in 6th of March and so far we are going in a very similar to the trend.
One important point is that the time horizon is not the same on the superposition. I had to compress it to fit the actual crash. Nevertheless the resemblance is strong.
