For my fellow crypto-pirates who lived through the 2013 double-bubble party on the titanic S.S. Gox, then clung to driftwood in the great Bear Sea for two years, there are two ways to judge where we're at on the charts:
Either we're already adrift post-peak-bubble and bear season is hardly over (bulls have such short memories of how long bear season can last) -- or we just had the first correction and are about to launch into an end-year moon rally to complete the double-peak formation.
Based on this completely arbitrary curve I've sketched (I didn't even try to calculate anything, so don't ask), and some dubious lines of trajectory, if we're on the double bubble track (pink) we could hit 80-90k by end of year, with the rocket thrusters kicking in September.
If we're in the middle of the deep Bear Sea (orange), then we have easily another year of draining all the inflated air out of the bubble slowly, and the recovery rally won't show up until 2020.
Either way, make sure you've got lots of rum, limes, and sunscreen, we're going to be out to sea for a while ;) what use do pirates have for lambos anyway?
Either we're already adrift post-peak-bubble and bear season is hardly over (bulls have such short memories of how long bear season can last) -- or we just had the first correction and are about to launch into an end-year moon rally to complete the double-peak formation.
Based on this completely arbitrary curve I've sketched (I didn't even try to calculate anything, so don't ask), and some dubious lines of trajectory, if we're on the double bubble track (pink) we could hit 80-90k by end of year, with the rocket thrusters kicking in September.
If we're in the middle of the deep Bear Sea (orange), then we have easily another year of draining all the inflated air out of the bubble slowly, and the recovery rally won't show up until 2020.
Either way, make sure you've got lots of rum, limes, and sunscreen, we're going to be out to sea for a while ;) what use do pirates have for lambos anyway?
Comment:
here's another view of the orange path, showing how bear season could still take a while (and get us back somewhere near to the last bubble peak level) I don't really think it will be such a nice and tidy clone of the past, but it shows what's plausible given history
