Post
Topic
Re: Analysis
by
abedit
on 18/12/2017, 07:43:56 UTC
just one thing to note is that in the previous 2 bubbles after the pop the retracement was approximately 90% from top to bottom.  however the first bubble was more in the 95% retrace and the 2nd barely fell to about 88% i think. of course not an exact science here but if the retrace is getting less deep perhaps the next one will only be closer to 80%, which if the 10k hypothesis turns out to be correct would imply a top in the 50-70k range

But he is ruling that possibility out.  He is saying that unless the 10k is tested, he strongly doubts more than 20k-30k.  Higher than 20-30k requires testing 10k.  If that test to 10k happens from 17k, then bull run continues to 70k-100k.  If it happens from 30k, then this bull run is over.  I believe one of his earlier posts said 2 years of a bear market this current bull market, but I'm hoping he'll clarify more once 10k is tested.

Disclaimer:  I'm solely relying on Google Translate. Perhaps a native Russian speaker can clarify.