BTCUSD: If Bitcoin Repeats History? Extrapolating 2012 Breakdown

2019年9月16日

Bitcoin 2012: Descending triangle breakdown to measured target of -20%. Price consolidated in a tight range between $4.21 to $5.30 after disbelief rally. 7 years later, Bitcoin 2019: Descending triangle with measured breakdown target of -32%. Repeating 2012 suggests a consolidation between $6,415 to $9,420 for 1 year.

The time frames are very different, however the emphasis here is on a BTCUSD descending triangle at the top of a disbelief rally from the bottom of the bear market after a 250% (3.5x) rise. The measured move back then was -20% that Bitcoin achieved. The -32% breakdown target after a 340% (4.4x) doesn't seem unreasonable.

Credit to KaliCrypto for the inspiration:

If Bitcoin Repeats History?

Part 1: Descending Triangle Looking Similar To 2018

Part 2: Measuring The Move of the Descending Triangle Breakdown

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

2019年9月17日

註釋

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

2019年9月25日

註釋

This idea is also playing out so far, as is Part 2.

2019年9月28日

註釋

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

2019年10月9日

註釋

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

2019年10月13日

註釋

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

2019年10月21日

註釋

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

2019年10月27日

註釋

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