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UnknownUnicorn59736
Aug 11, 2017 2:05 AM

Bitcoin's Odd, But Consistent x500 Rule Long

Bitcoin Liquid IndexBrave New Coin

Description

Take the bottom price for the current price cycle, then multiply it by 500 to workout the top price in 2 cycles time, give or take a few percentage points.
Comments
Martens58
This chart makes no sense.
The lows don't correspond to lows; then, are somehow connected to highs later.
UnknownUnicorn59736
@Martens58, Sorry about the colour scheme. Kind of makes it hard to see. The values from $0.00 to the cycle bottoms are in purple. Then the dark blue takes that bottom value in purple & multiplies it by 500 to predict the top in 2 cycles time.Back test it yourself if you don't believe me. Tops aren't perfect, but they do fall within a window give or take 10%.
jfs2152
This is still an awesome chart
UnknownUnicorn59736
@jfs2152, Updated chart for you pal:
jfs2152
@Emanance, What's up! My plan is to start buying at 8k and finish around 6.8k if we get that far.
UnknownUnicorn59736
@jfs2152, Hey. Did you mean 68K?
jfs2152
@Emanance, I think we are going to drop from here and very quickly bounce in the 6-8k range, then off to the races
bitsunrise
We're almost touching the parabola again! 1year later
UnknownUnicorn59736
@bitsunrise, Just like July 2013.
Orion_da
@Emanance intersting... have you tried updating this lately does it still work?
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