The market situation is increasingly beginning to resemble the beginning of 2015. Then, starting in February and ending in June, we observed an almost exponential decrease in monthly . After that, the long-awaited “Bull Run” lasted more than two years. Now, in 2019, we may be seeing an accelerated version of these cyclical events. In December 2018, a sharp drop in was observed, which also continued throughout January 2019.
Looking at these similarities, the theory of 4-year cycles of price movements, authored by Bob Lucas, seems more and more truthful. Based on his theory, in 2019 we will observe the beginning of a new cycle, characterized by an asset growth of 70-75% of the total time, with a maximum value near the end of the upward movement.
Bottom line: if is still cyclical in its movement, then in the next couple of months the sideways movement will continue. We will observe small fluctuations in with a bias towards its fall. price should NOT fall below $ 3,100-3,000. And in the future will begin to slowly gain “bullish” momentum. Perhaps due to the informational and utilitarian development of the global cryptocurrency sphere, you and I will observe a more accelerated version of the previous cycles.
Published at Sat, 26 Jan 2019 09:41:42 +0000
