Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rangedriver
on 17/09/2017, 17:03:12 UTC
Yes of course there is a correction coming (or a Dark Age).  That is a very clear trend in the BTC (for 6 years), and now other Crypto charts. Lots of ppl pretend it won't happen, and they will suffer the most with lack of preparation.

Each huge wave up is followed by a retracement to just above the previous high.  In this wave up, the start was around $300 on BTC, the high looks like $5000, and the previous high was $1200, which is where it is heading now, and will mark the floor of this current downtrend. The waves last a couple of years on average, but there is a wide variation.

$259.34 (2013 Q2 peak)

x 4.48446

$1163 (2013 Q4 peak)

x 4.28116

$4979 (2017 Q3 peak)

x 4.38281 (averaged multiplier)

$21822 (target peak)

******

$1163 (2013 Q4 peak)

/ 4.4051

$264.01 (average floor = ~2013 Q2 peak)

$4979 (2017 Q3 peak)

/ 4.39024 (averaged multiplier)

$1134.10 (target average floor = ~2013 Q4 peak)