First, it must be stated that this analysis assumes the following:
The 2018 crash of BTC is over!
Only time will reveal whether that assumption is valid or invalid.
If our assumption is correct then we can conclude that the crashes of Bitcoin are decreasing in severity over time.
Here's the proof:
The first crash plummeted to $.01 after it went on a rally from $93.03 to $290. So, it retraced to the 1.472.
The second crash fell to $100 after its run from $.01 to $1,175. It retraced to the .9149.
Finally, our current crash took a nose dive to $6,000 after it went on a massive bull run from $100 to $19,891. It retraced to the .702.
And, 1.472 > .9149 > .702
Therefore, if our assumption is valid then it must be true that the crashes of BTC are decreasing in severity as time goes to infinity.
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The 2018 crash of BTC is over!
Only time will reveal whether that assumption is valid or invalid.
If our assumption is correct then we can conclude that the crashes of Bitcoin are decreasing in severity over time.
Here's the proof:
The first crash plummeted to $.01 after it went on a rally from $93.03 to $290. So, it retraced to the 1.472.
The second crash fell to $100 after its run from $.01 to $1,175. It retraced to the .9149.
Finally, our current crash took a nose dive to $6,000 after it went on a massive bull run from $100 to $19,891. It retraced to the .702.
And, 1.472 > .9149 > .702
Therefore, if our assumption is valid then it must be true that the crashes of BTC are decreasing in severity as time goes to infinity.
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