Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
Todorius
on 10/06/2014, 09:44:04 UTC

After that, we could see a short rally above 1000 USD followed by a small crash towards 950 USD or something (just below 1000 USD). (compare to the rally 130 -> 206 and crash towards 156 USD).
After that crash, we are ready to rally again towards 3000, 4000, 5000 who knows?  Grin


206 to 156 is 25% not 5%

I think we are at this step right now, last of weak hands are gonna sell soon, we dip below 500, then off too 2000-2500.



And that is a very conservative estimate. 0.4 units above the log trendline, as was the case during the last bubbles, would put us at least at 4000 right now, maybe more like 5000.
But of course, every bubble is different. Still, 2000-2500 feels pretty low.