Ok, well here is more conservative and fundamental approach to predicting a future price which calculates the daily percentage increase over the history of the chart, which is .63 % increase per day. This measurement eliminates the anomaly of the spike in price in Sept. which should not be included in our calculations.
Now if we extrapolate our percentage increase of .63 % per day, from today, for the next 31 days until we reach Nov 8, 2020, we arrive at a price of approx. $4.00 or an 18.9 % price increase. This falls in line with the 44 degree, upward trend line which must touch all three points to be valid.
Now personally, I would love to make 18.9 % every month on my money, especially if you reinvest it. Thoughts, opinions, ideas, criticisms ?
Thanks for this. However, I do like the last chart much better:) Although, this seems to be more technical and realistic.
VincePrince
⋅
It looks like a solid approach, thanks for sharing.
Sweetcanary
⋅
wow ! great idea I shall keep my omg ! thanks very much ! otherwise where do you put profits to BTC, ETH ? Tether - BNB or DAI ?
WMWToronto
⋅
@Sweetcanary, Please wait, I am making a revision to this chart which more accurately ( in my mind) accounts for the anomaly of the price spike. As you know, I am not a licenced financial advisor and I am not giving you financial advice. We are simply discussing crypto-analysis and I always watch Benjamin Cowan's broadcast on Cryptocurrency every night over dinner on Youtube . It's free and he is very, very good.
Ward Weaire
Toronto, Canada
Sweetcanary
⋅
@WMWToronto, Oh thank you. I've been watching him since he had around 300 viewers too. I used to think he was too positive but he is the scientist. I will watch him more consistently. He is excellent. Thanks for your analysis ! Best wishes