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Manifested
Mar 1, 2018 8:12 PM

History Repeats, but Not Always in Kind 

Bitcoin / U.S. dollarBitstamp

描述

Another comparison here for BTCUSD looking back at the 2013 top. Take from it what you will. This time I was comparing with commodity channel index (CCI). Most interesting to note for me is the divergences between points D and E at the tops, and I and K. The C-D divergence is a bearish reversal indicator (higher high, lower high), that came true in both cases, and the I-K divergence is a bearish continuation (lower high, higher high).

Also worth noting, as the first big difference that stands out to me, is the large buyback volume after our recent low, between points F and J.
EDIT: On second though, the daily volume was high, but the buyer volume wasn't relatively that different


Guess we will see if can continue replicating the 2013 case.



评论
mortonpeak
@Manifested I am also studying past patterns, am finding some interesting parallels. I think everyone believes that after '14, the Mt. Gox controversey threw off the patterns we saw in '13, '16, '17, also forming right now
Manifested
@mortonpeak, I agree and patterns are patterns because of human/market psychology. As far as I'm concerned they aren't disrupted by singular events, like Mt. Gox., not to say that they don't have influence.
NapoleonHill
Is there some kind of chart scanner that will give you similar chart/ candles in the past for the same coin or even different ones ?
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