I have not seen your analysis until I received your like. Great Idea! My Sentiments exactly!
ivdan23
⋅
@TheFreeCryptoPress,
Great, yours are better)))
but it's hard to say on time frame, maybe till December or January...
What do you think ?
TheFreeCryptoPress
⋅
@ivdan23, I agree about time frame that it's difficult to predict! I do believe these movements can happen in relatively short order. If we look at the OMG capitulation, OMG gained 278% during the final three days of capitulation, after spending five months to get to that point.
5 months: $.029-$2.61 Very Nice Gains!
3 Days: $2.61-$9.86 Also Very Nice Gains!
So possible steady climb for 2-3 months followed by some sort of News Event with capitulation...?
ivdan23
⋅
@TheFreeCryptoPress,
For me 2 month for sure, but again depends on btc.
lots of post about btc to fill the gap on CME, so if it goes down ADA will follow it -10-15%.
TheFreeCryptoPress
⋅
@ivdan23, I believe it's possible that certain projects can begin to veer from BTC dominance. We saw this with LINK over the past 18 months, until it's crazy run to $20 area. Look at THETA, traveling its own path. I am not aware of too many examples, perhaps there are more examples of this. But, yes I agree in general terms. I think most importantly in the short term is holding the trendline I've drawn from March, as well as the 50% Fib Retracement of March-July($.09449). A Crazy knee jerk event is always a possibility of course, which could serve well for the long term investor.