So I took a look at a lot of charts, lots of different TA, checked the news, the articles, the hype, and something was bugging me about all of this movement, and talks of parabolas: Is it over or not?
Several things came to mind which involved using the MACD and RSI components, but also some of the bands, and lesser used indications such as cold hard math. Every single peak was met by damn near exactly 47% correction followed by a tremendous upswing. These corrections have been halving every time, and the increases have been taking longer, almost double. If that pattern continues, we are still in an upward trend yes, but a regular trend, not a parabola. The end of that trend would be sometime in April, in the .70 - .80 range. Now sure from there anything is possible, but the next increase should take about a month if the convection holds true. That also means that the actual low target for this go around is actually .318... 60 * .47 = .318
I am far too chicken to bet all of my holdings on this, so what I might do instead is buy in with new fiat if we hit those .318 levels. Even though this is my own prediction, and my own revelation to the price movement patterns, it is still a terrifying thought! So I would welcome any thoughts on this matter!
Several things came to mind which involved using the MACD and RSI components, but also some of the bands, and lesser used indications such as cold hard math. Every single peak was met by damn near exactly 47% correction followed by a tremendous upswing. These corrections have been halving every time, and the increases have been taking longer, almost double. If that pattern continues, we are still in an upward trend yes, but a regular trend, not a parabola. The end of that trend would be sometime in April, in the .70 - .80 range. Now sure from there anything is possible, but the next increase should take about a month if the convection holds true. That also means that the actual low target for this go around is actually .318... 60 * .47 = .318
I am far too chicken to bet all of my holdings on this, so what I might do instead is buy in with new fiat if we hit those .318 levels. Even though this is my own prediction, and my own revelation to the price movement patterns, it is still a terrifying thought! So I would welcome any thoughts on this matter!
Comment:
100% Correct, My personal ideal buy in was at .32, and we went below that!