Is Bitcoin starting to behave like Gold in 2011?
Well, no further comments - the chart shows what I mean. Points A, B, C, D and E are similar and the 1,2,3 upward correction looks like a typical Elliott Wave "abc" upward correction following an impulse leg down (CD on the chart):
Perhaps?
Kudos to Jim Wyckoff at Kitco who is doing frequent analysis of the Bitcoin chart nowadays; here for instance:
http://www.kitco.com/news/2018-01-11/Bitcoin-Daily-Chart-Alert-Technical-Damage-Mounting-Jan-11.html
Bitcoin charts are here:
http://www.kitco.com/bitcoin-price-charts-usd/
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