When studying the relationship between percentages of the moves we have been seeing there appears to be a possible fib ratio at work. I.e the difference between the 125% and 211% is 1.688 (not far off a fib ratio). If we were to speculate on the next move up we could take the previous 211% move and multiple it by the fib ratio of 1.618. The result is a percentage rise of 341%. This price just happen to be a few dollars short of $2000.
The time in which these moves is happening is also decreasing.
My gut feeling is that with so much buying pressure we'll see new All Time Highs very soon. How high we go though is really anyone's guess.
The time in which these moves is happening is also decreasing.
My gut feeling is that with so much buying pressure we'll see new All Time Highs very soon. How high we go though is really anyone's guess.