There has been alot of speculation as to the cause of this recent cryptocurrency 'crash'.

Lunar New Year, rumors of governments banning cryptocurrency, South Korea FUD and of course the standard China FUD.

Personally I feel although much of this may have had an impact, I think history may be repeating itself...

Other than the repeating 30%ish dips throughout the year. A longer term trend seems to be emerging...


After looking at the BTC charts we can see a clear reoccuring scenario.

Lets go back to Dec 2014 - Jan 2015

Notice the bottom is on January 15th

December 2015 - January 2016

Again the bottom is on January 15th

December 2016 - January 2017

Last year the bottom was on January 12th

December 2017 - January 2018 (time of writing)

We are now in mid-Jan, after experiencing a major run-up before New Year and now a hefty dip, we see a very similar pattern.
Could this have been the bottom, and will we see history repeat itself?

Thanks for reading, I will do an update post in a month or so, and see where we are in comparison to where we expect to be.

#btfd
#hodlgang