Comparison of 2017 v 2021 Bull Run BTCUSDT

May 21, 2021

This is a comparison of the 2017 and 2021 bull runs

The arrows show where I think we are today (GREEN ARROW) vs 2017 (RED ARROWS)
I havent reviewed it closely enough to determine if we are at the first of second red arrow - but either way, it shows that in 2017 there were similar large pullback followed by months of moving up

BTC likes to repeat itself so this is good news

Dont worry about the recent large drop across the market (lead by BTC).
Instead, look for bargains and buy more because it will be going up strongly from here

This chart is in LOG scale, not regular scale which is good for long term comparisons

May 21, 2021

Note

The pullback at the red arrows were around 40%, so that is comparable to the pullback that we are experiencing now.

Bitcoin is a roller coaster so you need steady hands to be in the game

Dont panic. Hold on and look for bargains

This pullback is healthy as it gives the opportunity for new money to enter the market at a bargain price.

May 21, 2021

Note

UPDATE - this is my buy recommendation list, based on the recent large pullback

I dont know if the market will drop further from here, however I would be happy to buy at the current prices expecting they will do well over the next 3-6 months


1) High ranking, quality coins
============================
BTC
ETH
ADA
LTC
BNB

2) Newer coins that have a good niche market
=======================================
DOT - this has rocketed up the charts due to the high percentage that is "staked"
The staked coins can not be sold easily, so it reduces selling pressure ... making the price go up

CAKE - this is used at the popular PancakeSwap exchange to buy other coins

3) coins that have had a large pullback and are near their Feb 2020 price
================================
BEAM
BRD
EOS
GXS
MDA
ONT
OGN
XTZ

I posted about these coins here ...