This theory is based on 3 observations:
1) In previous boom/bust scenarios, we've seen price action go from the run up of a boom (most recent example, $.23) to 13x - 15x of that low (most recent example 3.20). Similarly, if the "low" of the current period is between $.85 - $1, I see a similar pattern forming.
2) In previous patterns, a fan line has been created that points to future booms. The green line was a strong trendline in the previous pattern, and I believe it will play a role in the future one as well.
3) The curves determined by the highs and the lows of the previous boom point to the next high that aligns with the green trendline as well as the 13x - 15x growth established in 1). The timing of them aligns in mid to late summer of 2018.
Here is a more detailed description of the previous booms/busts: www.useloom.com/shar...4949ae78fe0bed71a45b
As a side note, the historical XRP/USD data pictured in the above link is no longer available for me through 2017. Is this the case for everyone else?
1) In previous boom/bust scenarios, we've seen price action go from the run up of a boom (most recent example, $.23) to 13x - 15x of that low (most recent example 3.20). Similarly, if the "low" of the current period is between $.85 - $1, I see a similar pattern forming.
2) In previous patterns, a fan line has been created that points to future booms. The green line was a strong trendline in the previous pattern, and I believe it will play a role in the future one as well.
3) The curves determined by the highs and the lows of the previous boom point to the next high that aligns with the green trendline as well as the 13x - 15x growth established in 1). The timing of them aligns in mid to late summer of 2018.
Here is a more detailed description of the previous booms/busts: www.useloom.com/shar...4949ae78fe0bed71a45b
As a side note, the historical XRP/USD data pictured in the above link is no longer available for me through 2017. Is this the case for everyone else?
