somac.
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May 14, 2019, 12:55:26 PM


I worked out the percentage drops for you.   So at the very least we can expect  30% drop... so thats the 5800 range unless this is phase B of an elliot wave and then it's probable to go much lower.

3th August 2012
High 16.41  
low  7.10
-56.73 %


8th April 2013
High 259
Low 45
-82.62 %


5th Nov 2013
High 1163
Low 152
-86.93 %


2nd Nov 2015
High 502
Low 294
-41.43 %

13ht June 2016
High 778
Low 465
-40.23 %



2nd Jan 2016
High 1139
Low 751
-34.06 %


6th March 2017
High 1350
Low 891
-34 %


12th June 2017
2High 2980
Low 1830
-38.59 %

28th Aug 2017
High 4980
Low 2970
-40.36 %


6th Nov 2017
High 7888
Low 5555
-29.57 %

18th Dec 2017

High 19666
Low 3181   (so far)
-83.82 %


And how many of those are downtrends rather than corrections? And for how many of them did the price drop instantly when the RSI hit 77? Technical indicators are just a derivative of price or volume. They are nothing special on their own.