WHAT CAN WE LEARN FROM THE LAST BUBBLE?
Screenshot 1: Both bubble tops are very similar
Screenshot 2: Is it possible that the trend will continue to repeat?
I CAME UP WITH TWO POSSIBLE PREDICTIONS WHERE TRENDS & SUPPORT/RESISTANCE LINES WOULD ACTUALLY MATCH
Screenshot 3: Prediction #1 - Lowest price by the end of 2017 $2385 (except for the august crash)
Screenshot 4: Prediction #2 - Lowest price by the end of 2017 $2200 (except for the august crash)
Conclusion:
This is of course an approximate prediction on the general trend that we could see IF the pattern from 2013 continues to repeat. The pattern has been consistence for months now BUT it's very possible that the pattern will break at anytime now and the price could move to any direction. Also note that the 2013 bubble formed and burst in one month only while the 2017 one took three months to form and burst. The 2013 bubble grew by 5 times since the parabolic movement started and finished, while the 2017 one grew by 3 times only. This means that the time frame in both future predictions are not very reliable, and we should only consider the general direction of the trend. Although it's interesting to see that the prediction shows a massive crash by August which could very well have something to do with the anticipated Bitcoin fork/scaling issue.
What did you think about all this? Do you think the trend will continue to repeat? Do you think we're going lower than these predictions? Or do you think we're going to go up from here?
I would love to read your different opinions and also what are your strategies for the near and long term future in cryptos?
As always, thank you very much for upvoting & I hope you have a beautiful day today, wherever you are <3