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Title: Someone running a "2014-following" bot? Post by: d5000 on June 05, 2018, 01:39:05 AM I really am wondering why the price curve of the last months is so similar to 2014's bear market.
It's really similar. There are several chartpics about it, for example here: https://www.tradingview.com/chart/BTCUSD/Yp45tiB5-Scary-BITCOIN-Comparison-2014-and-2018-You-Won-t-Believe-it/ This is from April, and his price predictions are exactly happening NOW. I think we all agree that 2018 was a much better year for cryptocurrencies, fundamentally spoken. Lots of adoption and hype. In comparison, in 2014 we had the MtGox collapse. The Crypto Winter. Buh. So I was wondering why the similarity is so significant. And this is my idea: Is there a trading bot out there that follows approximately the pattern from 2014? That means: The bot continually compare the prices of 2018 and 2014. It would sell every time when, at the same "position in the chart", a significant trading signal is recorded that would make the operator suppose that the bear market could continue. And it would re-buy at similar support levels than in '14. If this bot was run by a couple of whales, it could explain the similarity of 2018 and 2014. Even if this bot is not running: I think many of us were rich if they were running a bot like this ;) (No, I'm not selling bots. Just a crazy, funny idea.) |