The similarities of the Dec 2017 spike and crash of Jan-Fed of 2018 seem eerily similar to what we see today. In fact I highlighted the parts that seemed very similar. Color for color, move for move, and even the time frame seems quite similar. Within a few months, we saw a huge spike in the price of Bitcoin, than a quick decent. As of this posting;
Thoughts?
- Bitcoin has "corrected" 30% from its high of $13,868.00
- RSI is oversold on 30min-4hr charts
- MACD crossed on 1-day
Thoughts?
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The price of BTC is still following that downward slope, so until it breaks clear of that, I believe that similarities still remain very much the same.
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Bitcoin may break, start heading up without stop.
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Look how the bottoms keep touching the purple trend line
