Topic: Vague similarities... - page 3. (Read 4263 times)
It feels similar to me. I think we may have another brief sub 600 period before everyone gets it out of their system and some new money feels it's safe to come in. Once there's a major panic crash and it doesn't go as low as the last one then we may be ready for the next leg up. However, I am getting bored waiting for it!
I think this...
Looks more like this (red circle)...
Though this consolidation is more like a triangle, so it seems more likely to break up with a target of around $1120 before breaking back down
Looks more like this (red circle)...
Though this consolidation is more like a triangle, so it seems more likely to break up with a target of around $1120 before breaking back down
I actually hold from sub the 30's.
I also bought some at 90$ last summer.
I also bought some at 90$ last summer.
We will see what happens. Still dont think you can compare them or that the final drop still needs to come.
Still if you hold back then at $120 you would be very happy now.
Still if you hold back then at $120 you would be very happy now.
Just by looking at the two pictures I say that the current chart looks more bullish.
My thoughts are that people have "news fatigue" right now (I am certainly feeling it) and it is going to take much stronger FUD or good news to impact on the market. Eg Ghash is back at 38% and no one cares. So I am expecting a period of stability unless something really really drastic happens. Of course Bitcoin loves to bite you on the ass so you can never be too sure but there you are.
Movements take about 2x longer now than in April 2013, so my guesstimate is late April, not late May.
The difference is back then most coins had already appeared in the books during corrective wave A,
and that's why wave A was so harsh, while now most coins have yet to come (mostly from China).
The difference is back then most coins had already appeared in the books during corrective wave A,
and that's why wave A was so harsh, while now most coins have yet to come (mostly from China).
Overall we look much more bullish this time around. However, we clearly still have some bearishness to work through somehow.
I keep wondering if where we are now
is essentially where we were back then
But then I think that'd be too easy.... Bitcoin price has a habit of biting you in the ass if you rely on half arsed pattern recognition too much.
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You can probably tell my thoughts don't run particularly deep these days
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