Another Round of repeats
Following on with the concept of the repeated History, that new traders repeat what happened before, and repeat the same actions we all did when we were learning, and older traders repeat those who had burnt and learnt before us, so we see 'repeated, yet softer' variants.
The Blue Soft line is a copy of the 'lambo' peaks of Dec 2017, It wasn't a perfect match, but was pretty interestingly similar. So this Idea is the same vien, I'm not the only person posting this, So I don't think I'm bringing anything new.
I drew an orange line over the last drop, Nov/Dec 2018, and then just dragged it to this 'drop' You can see straight away the initial drop is twice as deep as the 2018 one, If I could figure out how to stretch the depth of that line, We'd see the price drop down to around 4k.. Instead I duplicated it, yellow starts the same 'height' as the drop, orange the first 'ridge' matches, and then with a quick eye measurement, calculated the double distance from both for the light and darker red lines.
If we follow this, we'll see the market drop off down to 6600 or as low as 4400. I used my trend lines to put I bids at 9k and 8.8k when it was hovering 10k, but like most of us, I didn't expect the big drop, and now, I'm wondering if I should HODL incase I'm wrong, or pull out now and wait for more bears.
The Blue Soft line is a copy of the 'lambo' peaks of Dec 2017, It wasn't a perfect match, but was pretty interestingly similar. So this Idea is the same vien, I'm not the only person posting this, So I don't think I'm bringing anything new.
I drew an orange line over the last drop, Nov/Dec 2018, and then just dragged it to this 'drop' You can see straight away the initial drop is twice as deep as the 2018 one, If I could figure out how to stretch the depth of that line, We'd see the price drop down to around 4k.. Instead I duplicated it, yellow starts the same 'height' as the drop, orange the first 'ridge' matches, and then with a quick eye measurement, calculated the double distance from both for the light and darker red lines.
If we follow this, we'll see the market drop off down to 6600 or as low as 4400. I used my trend lines to put I bids at 9k and 8.8k when it was hovering 10k, but like most of us, I didn't expect the big drop, and now, I'm wondering if I should HODL incase I'm wrong, or pull out now and wait for more bears.
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