Quote from: BaronCoin on September 28, 2019, 02:57:53 PM

Quote from: micalith on September 28, 2019, 02:54:12 PM

I made a quick pattern analysis and found these

Through 15 January 2017 and 15 November 2018 which makes 11 months, btc dropped from 12k to 6500.
Through 15 November and 15 December 2018 which is a month, it dropped from 6500 to 3100 ish that is a 50% correction.

Now lets come to today
through 20 June to 20 September in 3 months, 14k to 10k
so, this pattern, if applicable, a faster version of above, we may see a 50% correction again in 1/11 of the above
so, 3 ish months/11 is around 9 days. We may see a correction to 5k in 9 days. after this correction, we, again, might see a climb to higher than 14k.

surely there are other factors that should be checked but this is only for a same pattern.

The last thing I want to see now is the btc price of 5000 usd. Many said that the BTC price this year will be again 20,000 USD, I dont believe in it anymore.

well, I just made an assumption. Technical analysis, as most of us know, it gathers the previous data because the pscychology of investors repeat. So, there are plenty of patterns and indicators, who knows which one will repeat. This is not a financial advise, I am just checking if my assumption will be correct or not.