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File: 40 KB, 903x624, 2014.png [View same] [iqdb] [saucenao] [google]
8698077 No.8698077 [Reply] [Original]

Hello Peepers, Minis, ChocoAnons, PBanons and faggots, I tried my best to superimpose 2014 correction on the current Bitcoin chart, I couldn't get the price scale right, so don't think it will go that low, but it should give a decent estimate of direction and timing. I estimate about 5k as bottom

>> No.8698094

>>8698077

Thanks bruh

>> No.8698138
File: 86 KB, 827x782, hamsari.jpg [View same] [iqdb] [saucenao] [google]
8698138

here's a similar thing done by another Anon not so long ago, Bitcoin actually followed the previous correction since then, looks like the bottom is near

>> No.8698161

>>8698077
pretty good job anon

>> No.8698182

Comparison between Gox and a healthy correction

>> No.8698203
File: 94 KB, 601x508, wojak_mask.jpg [View same] [iqdb] [saucenao] [google]
8698203

>>8698182
>healthy correction
>-65%

>> No.8698220

>>8698182
In 2 weeks we will laugh at them

Thanks for the cheap coins newbs

>> No.8698288

>>8698077
Ty

>> No.8698320

>>8698077
$2,000 is the bottom

Screencap this reply

>> No.8698429

>>8698182
that's why the price scale won't match, mt gox caused a bigger % drop, if you would assume it'll copy gox exactly the target would be closer to 2k.
Bitcoin's favorite 0.786 fibonacci retracement level is at about 4k. I hope we didn't trigger a 3 year long bear market.

>> No.8698573

Fugg

>> No.8698769
File: 135 KB, 1769x865, nasdaq.png [View same] [iqdb] [saucenao] [google]
8698769

here's bitcoin vs nasdaq for reference

>> No.8698781

>>8698769
awesome

looks like i'll be going long after it dumps again

>> No.8698792

>>8698077
Nice work, OP.

>> No.8698811

>>8698429
spoilers: we did

in reality the first ICO bubble popped and caused this multi year bear, its half the reason why BTC soared higher than everyone expected. The rise and fall of ethereum was pretty fucking crazy.

>> No.8698858

>>8698320
maybe, I'm thinking a capitulation spike to 3k later this year and maybe another one to 2k next year. Kind of like the capitulation to 250 in 2014 and the second capitulation to 150 in 2015

>> No.8698963

>>8698858
What would be the reason for this though? 2014 was Mt Gox hack and 2015 was silk road, both very legitimate reasons for an extended bear market.

>> No.8699026
File: 82 KB, 918x618, btcnow.png [View same] [iqdb] [saucenao] [google]
8699026

here's my short term guess, it looks like it's creating a fractal, it repeats a similar pattern just slightly bigger, if it'll bounce of the yellow resistance I will short it

>> No.8699771

>>8698077
You should be comparing to the 2013 correction you brainlet.

>> No.8699782

>>8698182
but mt gox is still fucking us