MJBedford

MJBedford

I ran a comparison between last cycle and this one, and if the proportions hold up from the breaking of the ATH, this is what our course could look like. I also ran a comparison using the old July 2015 peak to January 2017 peak and if that played out it would put us even higher. I'm also not sure if we should count that first leg up coming to the top of the...

MJBedford

In one of my last posts I presented some calculations that produced an estimated peak of 25,777 by January. In light of recent events, this still seems quite achievable. The top gold line is my peak estimate, and the midline of the pitchfork crosses it on January 2nd. P.S. The Adam and Eve marks and the blue arrow were drawn the day before we broke the ATH....

MJBedford

It clearly broke above the bearish channel since the top, and now it's firmly in the major bullish channel dating back to 10k, and it's in a short term skyrocket up to ATH, where it will either test and consolidate a bit before breaking through, or where it will just break through immediately. I'm anticipating a DEC/JAN peak of somewhere between 22,883 to 25,777....

MJBedford

I realize I'm making some pretty significant assumptions here, especially about picking my July 12th, 2015 peak and then assuming that we have not yet reached our peak for the end of 2020/start of 2021 cycle yet. But I hope this at least adds some possible rangers to the conversation, and I'd love to hear how you think this should be adjusted. I also hope these...

MJBedford

Thick green uptrend lines show overall bullish trend since about 10k. Yellow lines show secondary downtrend since ATH. Thin green lines show more short-term extreme bearish movement. If trend stays above both thick green and bottom yellow at 15:00 on 12 Dec then a push up should be expected. If it falls below both we should expect significant drops down to...