Crypto Quantic - Will The futures market do to bitcoin what it did to gold?

Here's an interesting read. I won't spoil the contents of the article too much, but I'll give you a preview:

I have been continuously amazed at the similarity of the Bitcoin chart to early 1970’s gold prices. If I scale the Bitcoin price (slow it down by 4.3x speed shrink it by a factor of 60), and overlay it with the gold chart, this is what I see:

Gee That gold curve from the 70’s looks familiar...

Not only are the major swings the same, but even some of the minor dips are repeated at the same place on both charts. Stare at that for a while and wonder!

Either the universe truly is one big fractal, or someone has been using the gold chart as a playbook. (Or both..)

The chart above extends until Dec 31 1974 — the day gold futures were launched.

Don’t you want to see what happens next?

You can read the rest of the article here: https://medium.com/swlh/will-the-futures-market-do-to-bitcoin-what-it-did-to-gold-b7d35704641