Quote from: josegines on June 12, 2017, 06:19:11 PM

Quote from: hacknoid on June 12, 2017, 04:33:01 PM

Quote from: josegines on June 10, 2017, 08:48:05 AM

Your decision to eliminate cycle 9 seems right. We are seeing a pump in cycle 11.

Do you think if the pattern is repeated, the climb will end soon? Less than a month?

It's hard to get a good read this time. Believe it or not, this actually looks like it's not a bubble, despite the significant price rise. We haven't seen anywhere near the rapid rises we had in previous bubbles. The longer we move up gradually, or experience sideways movements, the longer this run can continue. So at this point, I see no end in sight. Big question in my mind is what happens as we approach August 1st - we could experience some significant changes as we get closer, maybe part way through July.

Long term, the trend over the last 4 years has been a rise of about 2% per week, on average. Currently we are about 220% of the forecast price of $1276, as predicated by that trend. While high, I don't think that's enough to result in a significant crash. Corrections yes, but growth still quite likely.

Have you updated the cycles to know if this rise is the main bubble of the cycle and how long can it last? 1 month, 2 month...

I've been watching it, but haven't come to any conclusions yet. It's interesting that the significant rise is much more gradual than we've previously had, which I think is good.

We may be on a longer trend up swing, maybe even to the point of being able to sustain that growth long term, possibly indefinitely..? I'll hopefully post some updated analysis in the next week or so.