ETHUSD possibly in a cycle

16 באוק׳ 2017

I once saw a cycle chart by lowstrife (twitter) on BTC that seems to still be for the most part valid today even. I decided to play around with ETHUSD chart and found that ETH has rallied twice around 27 December. I made mine on the 3D chart. Each cycle is around 122 bars. If this is true it may be possible for ETH to dip one more time despite the bull flag at current price action. If there is no dip in price ETHUSD could just be ranging sideways before the rally. Im just playing around here. But it could be interesting. I measured each rally. The first rally was 5000%. The second rally was 7540%. I have no idea what the % of the next rally will be so I took 7540-5000=2540. 2540/2=1270. 5000+1270=6270% Just as a rough guide but using the data of the last two rallies to get to a number. I like it because its more than 5000% as the second rally was larger, but I didn't want to overshoot and assume that the third would be higher than the second. Here is lowstrife's BTC 235 Day cycle chart