here is the explanation:

this study uses the standard deviations of an anchored VWAP from the previous ATH to project possible outcomes of the current bull run.

Price has been moving significantly similar to the 2017 run as it can be seen on the following charts.
Notice the similarities in both bear markets.

Similarities in this bull run so far:
1. After reclaiming the 1st St Dev the bull run is initiated
2. The 3rd St Dev shows 2 corrections in both, in this case shallower as the run is showing more strength.
3. 5th st dev reject (tbc)
If price keeps behaving in a similar manner, we could expect the following corrections (prob shallower nonetheless):

1. 40k -> 28k
2. 45k -> 27k
3. 76k -> 45k
4. 120k -> 84k
5. 175k -> 135k
6. 265k -> 200k

Top = 300k.

I know it sounds ridiculous but better be prepared.
Adding confluence to this thread.

The Puell Multiple is at the same level as the one obtained by using the anchored vwap deviations.
Same relationship to the Pi Cycle Top. Back in late May 2017 we had crossed it just as were we are now.
Very similar spot on the logarithmic growth curve, at the 382 fib.

Maybe not exactly, but in broad terms I would say close enough.
RHODL ratio? same.
lets throw some fibs at it
Using fibs from ATH to the Low, we can see that the prev 2 cycles:

1. Broke out without retest of the ATH break. (srry no $20k)
2. Retested the 1.236 (~$31.5k)
3. Top at the 2.382 fib (~$280k) (not far from the $300k)
4. % increase halves every cycle.
https://t.co/beaBjJIggV

More from All

You May Also Like

I'm going to do two history threads on Ethiopia, one on its ancient history, one on its modern story (1800 to today). 🇪🇹

I'll begin with the ancient history ... and it goes way back. Because modern humans - and before that, the ancestors of humans - almost certainly originated in Ethiopia. 🇪🇹 (sub-thread):


The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC 🇪🇹


Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. 🇪🇹


References to the Queen of Sheba are everywhere in Ethiopia. The national airline's frequent flier miles are even called "ShebaMiles". 🇪🇹