I like your idea but I think this might be a different type of correction. For one the market is much more mature. Protracted (and painful) sideways action is indeed possible and there are triangle and wedge patterns support this. Personally, I still think we will break down before we go back up. I don't think we have hit capitulation yet.
RE: BTC Bear market 2014 fractal - Ranging
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BTC Bear market 2014 fractal - Ranging
True, the fundamentals are very different this time around. At 2014 there was a real existential threat. We could see a mode sudden upthrust, however, I don't see a parabolic market happening straight away.
As for the bottom, I think we either already in or maybe we could test 5k again at worst, where I would buy a ton. The worst phase is over I am certain about that.
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