I made some calculations for fun to see, how accurate this is. First of all, we can see that we have the double bottoms at 78,6 % retrace on both charts. It was from here we the bull rally really took off.
In 2014 the price increased with 33 % from the double bottom to the highest point before we had a crash. If we apply that to 2018, it would mean we will now go to 8,8xx USD before the same thing will happen.
Look at the 4 yellow dots. We have the exact same resistance points on both charts.
While we are waiting you better put on your tin foil hats, just in case!!
Will we really get the crash at 8,8xx USD as we did in 2014?
I made some calculations for fun to see, how accurate this is. First of all, we can see that we have the double bottoms at 78,6 % retrace on both charts. It was from here we the bull rally really took off.
In 2014 the price increased with 33 % from the double bottom to the highest point before we had a crash. If we apply that to 2018, it would mean we will now go to 8,8xx USD before the same thing will happen.
Look at the 4 yellow dots. We have the exact same resistance points on both charts.
While we are waiting you better put on your tin foil hats, just in case!!
