Will Bitcoin repeat what Silver did?? (Chart) - page 2.

member

Activity: 73

Merit: 10

well yes ofcourse it goes the same way exept worse!
because bitcoin is so flawd in many ways and there is no support in the order books it will be much lower then $250

realdope

member

Activity: 70

Merit: 10

Nope, silver is a piece of shit dinosaur asset, Bitcoin is a revolution in humanity. You need to have a problem in the brain to not buy sub 1K bitcoin.

falllling

member

Activity: 112

Merit: 10

Silver is far away stronger / more reliable / more widespread use than bitcoin, bitcoin is going to nowhere but down to the final capitulation!

Ibian

legendary

Activity: 2268

Merit: 1278

Yes. Don't buy. It's for your own good.

Foerster

full member

Activity: 143

Merit: 100

Hello,

I have been quite involved in trading and charts and I noticed that the chart of BTC and Silver share some similarities in their fractal structure. So I fitted a picture of a logarithmic chart of Silver on top of a logarithmic BTC chart.

This would imply market lows of around ~250$ per Bitcoin with uncertain outcome and more important: a significant drop relatively soon.
However charts do not necessarily need to repeat 1:1 or even at all. However, if the psychology of market participants and the market structure in general are similar the probability of a similar outcome is definitively given. Of course, if anything disruptive happens on the financial markets or cryptocurrency adoption rate the outcome could be vastly different.

Any opinions on that?

Best Regards,
Foerster

Topic: Will Bitcoin repeat what Silver did?? (Chart) - page 2. (Read 2402 times)