Will Bitcoin Recover?

From something I posted over the weekend:

 

BIT_W_6.5.18.jpgLink to chart:  https://postimg.cc/image/h8r58sprb/

Parabolic markets – when an issue, indice or commodity goes parabolic in price… historically, they crash and take a very long time to recover.

 

Gold went parabolic in the 80s and took 28-years to recover…

 

GOLD_M_6.5.18.jpgLink to chart:  https://postimg.cc/image/4veb1dzxj/

 

The Nikkei 225 went parabolic in the 90s and still has not yet recovered…

 

JP225_M_6.5.18.jpgLink to chart:  https://postimg.cc/image/oq0cnkkav/

 

The NASDAQ Composite went parabolic in the 2000s and took 16-years to recover…

 

COMP_M_6.5.18-2.jpgLink to chart:  https://postimg.cc/image/cbdknbddz/

 

BIT went parabolic this year, and IMHO, based on my fractal interpretation and momentum indicator, has not yet bottomed (I’m looking for a low between $4K-$6K), and if history is any indication, it will not recover for 10-20 years….

 

Time will tell.

3 thoughts on “Will Bitcoin Recover?

  1. Robert Thomas Fletcher III has screwed over all users of RCoin and RCoinUSA – For this reason, this blockchain will be taken over and possibly reset. NO GUARANTEES THAT YOUR COINS WILL BE SAFE ONCE THIS BEGINS – THERE IS NO GOING BACK!!

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