BITCOIN Is the FTX crash similar to 2015 Bitfinex??

This is Bitcoin (BTCUSD) on the 1W time-frame, on the left displaying the 2021 – 2022 price action while on the right the 2014 – 2015. For the record we need to make clear that FTX crashed and filed for bankruptcy while Bitfinex on August 17 2015 experienced a flash crash. At the time, Bitfinex claimed to had the most liquid exchange but the flash crash was triggered when several leveraged positions were forcibly closed in close proximity to each other.

When both are put next to each other within their respective Bear Cycle parameters (1W MA20 = red trend-line, 1W MA50 = blue trend-line, 1W MA100 = green trend-line), we can identify some similarities so far, especially in terms of RSI and LMACD. The Bitfinex flash crash took the market 8 weeks to recover from and break above the 1W MA50 (blue trend-line). The FTX crash last week, didn’t recover its 1W candle as fast as Bitfinex, so there is already a divergence and ‘bad sign’ if we can call it for a new low. Nonetheless, the current week, is so far on the green.

What do you think? Can the market recover the same way it did after the Bitfinex crash in August 2015? Feel free to let me know in the comments section below!

Tradingview link:

https://www.tradingview.com/chart/BTCUSD/0NlcdMOJ-BITCOIN-Is-the-FTX-crash-similar-to-2015-Bitfinex