From something I posted over the weekend:
Link 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…
Link to chart: https://postimg.cc/image/4veb1dzxj/
The Nikkei 225 went parabolic in the 90s and still has not yet recovered…
Link to chart: https://postimg.cc/image/oq0cnkkav/
The NASDAQ Composite went parabolic in the 2000s and took 16-years to recover…
Link 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.