I think were are going to be forming a bottoming pattern soon.
This has a probability of happening around the next couple of weeks.
Lets look at some previous data.
Nov 30 2013 - ATH $1163.00
Jan 14 2015 - ATL $152.40
This is 411 days from ATH and -86.90% down.
Recovery price - Feb 23 2017 - $1186.27
This is 771 days from ATL with +679.60% return.
Total Recovery time is 1182 days .
1st BULL RUN of 2013
Jan 14 2013 - $13.09
Nov 30 2013 - $1163.00
THIS gives a 8784.64% gain in 321 days
NOW lets look at the 2017 bull run.
Jan 12,2017 - $736.48
Dec 17,2017 - $19666.00
This gives a 2570.24 % gain in 340 days.
but if you calculate from ATL of $152.40 from Jan 14,2015
we get a 12804% gain over 1069 days
so what can we take from the above data. Lets make predictions just based on this data.
Dec 17,2017 @ $19666.00
Nov 19 2018 @ $5453.95
this is 337 days @ -73.56% loss
But if we go at 411 days @ -86.90% loss
we get a projected price of $2570.85 @ 02/01/2019
this is highly unlikely to happen due to the current technicals.
So lets average this to $4012.4 @ around Jan 2019 to March 2019
Now if we look at the previous bull rally of 12804.20% over 1069 days from ATL of $4012.4 and 8786.64% gain
we get a price $356567 to $517768.12 over the time line of 1069 days which puts us at Jan 2022.
Hope this novel was a good read and may all of our fantasies come true; and become millionaires with just $5000 investments.
Thank you for reading.
Not a financial advice. Just my observations. Take it with a grain of salt. I gotta write this since everyone else does..LOL
This has a probability of happening around the next couple of weeks.
Lets look at some previous data.
Nov 30 2013 - ATH $1163.00
Jan 14 2015 - ATL $152.40
This is 411 days from ATH and -86.90% down.
Recovery price - Feb 23 2017 - $1186.27
This is 771 days from ATL with +679.60% return.
Total Recovery time is 1182 days .
1st BULL RUN of 2013
Jan 14 2013 - $13.09
Nov 30 2013 - $1163.00
THIS gives a 8784.64% gain in 321 days
NOW lets look at the 2017 bull run.
Jan 12,2017 - $736.48
Dec 17,2017 - $19666.00
This gives a 2570.24 % gain in 340 days.
but if you calculate from ATL of $152.40 from Jan 14,2015
we get a 12804% gain over 1069 days
so what can we take from the above data. Lets make predictions just based on this data.
Dec 17,2017 @ $19666.00
Nov 19 2018 @ $5453.95
this is 337 days @ -73.56% loss
But if we go at 411 days @ -86.90% loss
we get a projected price of $2570.85 @ 02/01/2019
this is highly unlikely to happen due to the current technicals.
So lets average this to $4012.4 @ around Jan 2019 to March 2019
Now if we look at the previous bull rally of 12804.20% over 1069 days from ATL of $4012.4 and 8786.64% gain
we get a price $356567 to $517768.12 over the time line of 1069 days which puts us at Jan 2022.
Hope this novel was a good read and may all of our fantasies come true; and become millionaires with just $5000 investments.
Thank you for reading.
Not a financial advice. Just my observations. Take it with a grain of salt. I gotta write this since everyone else does..LOL