So we just saw the Dow theory on chalkboard. And now I want to show you the Dow theory on the Bitcoin and we are here on the platform bitfenix bitfenix is one of the biggest crypto exchanges worldwide. And they are providing hundreds and thousands of different cryptocurrencies they can see they're really really much. And yeah, so does the platform here. And what you can see is the bit for a bit coin course from the last three years, from 2017 to 2019. And what you can see is there we have the bitcoin price worth about or Around 2000 3000 not so much okay.

And there was the point here in October to December from 2017 to 18 are the points where anyone talk about Bitcoin media talks about Bitcoin anyone talks about Bitcoin and want to invest to to get a high return to become rich as fuck and you know, want to earn a lot of money with Bitcoin and there's the point where all talks about it and the euphoria sets in so the price is always climbing up faster and faster and faster. And with with huge speed as you see we have, this is from November from price from 5200. Read in November, and the highest point was here at December. Okay, two months later from 5000 to 20,000. Okay 400% in just two months, and it's really, really incredible. But what you see is the Dow Theory because if you if you look, there's the whole euphoria in the market, and anybody who wants to invest and anybody, anybody does invest in Bitcoin, and the course raises up immediately.

And there's the point here at 19,900 or so, where a lot of early investors get out of the market and then you see it The first big red candle Okay, then there are some some more trades and private, private people who want to invest because I think it's cheap now. It will be again at 20,000 I think they can make 10,000 profit and there's another euphoria point in den the crashes, angles lower and lower and lower and last point here again at 2901 year later so this is how the Dow Theory always works just for this point. And yeah, we will have a couple of Bitcoin and other cryptocurrency courses in the practicing module and we will also be using here bit FinEx they will show you how to buy them So by different different currencies, how to trade them, how does it work and yeah, that we will see in the practicing module.

But that's for now for the Dow Theory and we will see us in the next video.