Comparing Bitcoin's Patterns Today To 100 Years Of The Dow Jones

in #bitcoin7 years ago

The charts below are patterns of the past. There's 17 charts below comparing the past to today:

  • The high bitcoin made in 2013 to today. Well maybe it compares but what ended up happening was the breakdown of the retest, the B wave. If this is the B wave we're in then it will retest the high and go down into C wave.
  • The high made in Dow Jones in 1929, The price just plunged no support.
  • There were two times in the past when the Dow Jones had a similar pattern as the pattern we're in right now, 1937 and 1966.
  • There's a chart below of the 60 minute bar, I'm not going to say anything about it. You judge.
  • The last charts are bitcoin today. Is this wave B the retest? or is it possibly wave 4, a consolidation that goes on all year long with massive volatility with a break out to the upside with bitcoin going to more all time highs? or do we just break out to all time high within the confines of the channel in progress. We could just go to all time highs over late spring / summer because the correction we saw from December to present fulfills all the characteristics require for a correction, nothing more needed.

Will have to monitor as usual.

bitcoin November 30, 2013 high
1 - bitcoin November 30, 2013 high.jpg

bitcoin November 30, 2013 high with andrews pitchfork
2 - bitcoin November 30, 2013 high with andrews pitchfork.jpg

bitcoin November 30, 2013 high with andrews pitchfork with support line and B wave break down going into C wave.

2.5 - bitcoin November 30, 2013 high with andrews pitchfork.jpg

September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2 compared to the present March 20, 2018

4 - September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2 compared to the present March 20, 2018.jpg

September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2 compared to the present March 20, 2018
5 - September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2 compared to the present March 20, 2018.jpg

with andrews pitchfork - September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2 compared to the present March 20, 2018
6 - with andrews pitchfork  - September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2 compared to the present March 20, 2018.jpg

with andrews pitchfork - September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2 compared to the present March 20, 2018

7 - with andrews pitchfork  - September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2 compared to the present March 20, 2018.jpg

with andrews pitchfork - September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2 compared to the present March 20, 2018

8 - with andrews pitchfork  - September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2 compared to the present March 20, 2018.jpg

September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2 compared to the present March 20, 2018
9  - September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2 compared to the present March 20, 2018.jpg

1937 high - the Dow Jones Industrial Average compared to the present March 20, 2018
10 - 1937 hig -  the Dow Jones Industrial Average  compared to the present March 20, 2018.jpg

1937 high with andrews pitchfork - the Dow Jones Industrial Average compared to the present March 20, 2018
11 - 1937 high with andrews pitchfork -  the Dow Jones Industrial Average  compared to the present March 20, 2018.jpg

1966 high with andrews pitchfork - the Dow Jones Industrial Average compared to the present March 20, 2018
12 - 1937 high with andrews pitchfork -  the Dow Jones Industrial Average  compared to the present March 20, 2018.jpg

the Dow Jones Industrial Average - Monthly Log chart - compared to the present March 20
13 -  the Dow Jones Industrial Average -  Log chart - compared to the present March 20, 2018.jpg

the Dow Jones Industrial Average Monthly arithmetic chart compared to the present March 20, 2018
13 -  the Dow Jones Industrial Average  compared to the present March 20, 2018.jpg

the Dow Jones Industrial Average 1 hour chart March 20, 2018
14 -  the Dow Jones Industrial Average  1 hour chart March 20, 2018.jpg

bitcoin today
15 - bitcoin November 30, 2013 high.jpg

bitcoin present March 20, 2018
3 - bitcoin November 30, 2013 compared to the present March 20, 2018.jpg

bitcoin today
16 - bitcoin November 30, 2013 high.jpg

candle stick - bitcoin Today
17 - candle stick - bitcoin November 30, 2013 high.jpg

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