SUMMARY
Many are saying that the current correction is reflective of the 2014 bear market (blue box). There is uncanny similarity in pattern and price between the blue box price movements and the current correction (white box). IF the fractal correlation stands, the white arrow projects a similar, long and drawn out bear market. However, I don't believe the conditions of sentiment are similar. More importantly, the liquidity and network effects are now dramatically more mature than in 2014.
I believe the fractal could be more related to before 2014. The below chart shows the blue box to occur prior to the 2014 bear market. That correction has uncanny similarity to the current correction. The blue box shows price rose 2,539% following the correction!!! Consider this for a moment. The white box shows the current correction and fractal similarity to the blue box. IF price goes near vertical like it did prior to 2014 and rises 2,539%; that would bring bitcoin to $147,112. AND, this could potentially ALL happen within 2018 or slightly leak into 2019. When, not if, when BTC is $147,112; what price do you think STEEM and SBD will be at? As the old Wall Street adage goes....be long term greedy; but don't forget to gratefully and humbly take your profits!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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