If Bitcoin Repeats History? Descending Triangle Looking Similar

The daily bars of the 2018 descending triangle are starting to match the current 2019 descending triangle. If the bearish breakdown also repeats itself in the same way, then this would be the outcome, continuing on from where the charts fit together. Notice how a similar bearish breakdown would take us to the 200 Week MA, given its current trajectory. This would be long-term bullish if this happened, ie finding support again one year later $2K higher. I'd therefore find it unlikely to return to a bear market, or even continued consolidation (which would both be under the 200 Week MA).

コメント:

Part 2: Measuring The Move of the Descending Triangle Breakdown

コメント:

Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low

コメント:

Part 4: f Bitcoin Repeats History? Extrapolating 2012 Breakdown

コメント:

Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario

コメント:

Summary from Part 5:

If Bitcoin Repeats History?

2012: Breakdown to $6,415 with 1 year consolidation (Part 4)
2014: Breakdown to $2,500 with 1.5 years consolidation (Part 3)
2017: Breakdown to $5,350 with 2 months consolidation (Part 2)
2018: Breakdown to $5,050 with 6 months consolidation (Part 1)
2019: Measured move to $6,410 to $6,875 (Part 2 & 5)

That's a range between $2,500 and $6,875, with anywhere between 2-18 months of consolidation. Conclusion: Anything could happen. Look for clues.

コメント:

Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1

コメント:

Part 7: Another Bearish Indicator: 200 EMA & MA Bearcross

コメント:

Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern

コメント:

Part 9: TD Sequential 9 Next Week To Decide Direction?

コメント:

Part 10: Extrapolating the 50 & 200 Day MA bear crosses

コメント:

This first chart from two months has aged well then.