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Educational Chart

April 2020

First Time in History. But Does History Repeats Itself?
The Similarities Between Crude Oil and Bitcoin

Published 22 April 2020

First Time in History but History Repeats Itself - April 2020

Chart published on Trading View.

Back in January, an anomaly occurred on a website that calculates Bitcoin transaction fees and displays them on a long-term chart. An anomaly where Bitcoin transaction fees went into negative territory for the first time ever in history.

At that time, I posted a Tweet (here – twitter.com/Purple___Crypto/status/1212634673697808384) exclaiming how bizarre it was that that happened, while many retorted that it was an error in the website’s algorithm. But was it?

Whether it was an error or a sign of what was to come, no one will ever know. But nothing stops us from making an educated guess…a very educated guess. 🙂

I can’t go past the uncanny resemblance between that chart and this one (comparison in this tweet – twitter.com/Purple___Crypto/status/1252518667562221568) where crude oil prices dove into negative territory for the first time ever in history.

There is a first time for everything. There’s also the saying “history repeats itself”.

Leaving on another note, I proudly share with thee the launch of my brand new website and the link to it – https://www.purplecrypto.online – Now anyone can join us on our journey to consistent winnings.

The target(s) and/or pattern(s) on this chart is only theory and not a trade signal of any kind. Always do your own research before trading.

Past performance isn’t an indicator of future performance.