BTC - what I learn from 2017's bubble aftermath
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After the recent double top, we are in a sandwich between the daily 21 and the 55, does that ringing any bells after a major bubble?
I do recognise a possible pattern here... keep in mind that 2017 was way larger and slower in pace than Bitcoins latest development. But if we follow it - and adjust to volume and speed - we still would fall towards the daily 100 maybe towards the 50% retracement around 8.5k this time?
If so we would see a similar bounce back to the 21 or 55 daily before the next major drop down.
A lot of ifs here yes... and also alot of chances are arising! Check my view on the 2017 bubble aftermath in the link below.
I do recognise a possible pattern here... keep in mind that 2017 was way larger and slower in pace than Bitcoins latest development. But if we follow it - and adjust to volume and speed - we still would fall towards the daily 100 maybe towards the 50% retracement around 8.5k this time?
If so we would see a similar bounce back to the 21 or 55 daily before the next major drop down.
A lot of ifs here yes... and also alot of chances are arising! Check my view on the 2017 bubble aftermath in the link below.
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