BLX index -> log scale -> green little lines = supports never touched again after collapse from bull run.
If you connect the supports you can trace a log curve -> log curve = fair value line
fair value line -> add tollerance band up and down. Now you have a range. --> "fair value range".
Red box = days since price is out from "fair value range"
Green box = days since price is out from "fair value range" before a bubble peak price top.
Green box is 30-40 % the red box.
Bubble peak price of this bubble = 40k
Do your number.
Expected touching "fair value range" in may/july 2021 with a price range from 9k to 12k.
If you connect the supports you can trace a log curve -> log curve = fair value line
fair value line -> add tollerance band up and down. Now you have a range. --> "fair value range".
Red box = days since price is out from "fair value range"
Green box = days since price is out from "fair value range" before a bubble peak price top.
Green box is 30-40 % the red box.
Bubble peak price of this bubble = 40k
Do your number.
Expected touching "fair value range" in may/july 2021 with a price range from 9k to 12k.