(not so pretty -- not enough colors / dragons / etc) picture time.
I see a pattern emerging on the 1 year chart.
1. breakout ~60% SP increase in 2 weeks => followed by 1 month consolidation
2. breakout ~80% SP increase in 3 weeks => followed by 2.5 months consolidation
3. breakout ~120% SP increase in 10 weeks => followed by ?? months consolidation
View attachment 660076
How long will be the current consolidation cycle ?
Does it scale like the breakout length ? That would be at least 8 months long.
How large will be the next breakout in terms of SP growth ? 180% ?