TheChasm
Short

Same ratios on this movement

BTCE:BTCUSD   Bitcoin / Dollar
626 12 3
I used the fib tool and changed the ratios to match the swings in our first move - marked 1, 2, 3, 4, 5. I then laid those ratios over the next rally and was surprised at how similar they are. Starting at 1 we have hit 2, 3 and 4 spot on. Assuming we will continue this, our next swing 5 will bring us down to 700 area.
Bonavest PRO
2 years ago
Just to recap from the Hangout we did say there was a price point that if it was breached to the up side that it would invalidate this move, correct? What was that price? I thought it was $880 or $940... Can't remember.
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TheChasm
2 years ago
it was half way in between .7 and .1 which is about 880
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Bonavest PRO TheChasm
2 years ago
Ahh ok so we have probably broken this prediction for now then?
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TheChasm Bonavest
2 years ago
No we haven't broken this pattern chart's expectations yet
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TheChasm TheChasm
2 years ago
We have passed the .85 price which was about 870 but I want to leave some room for error now that we are going sideways at 880 before dismissing this chart. I added in .85 on this chart https://www.tradingview.com/e/QzZ2wSU8/
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TheChasm TheChasm
2 years ago
I think that link is wrong. Just make the original chart yours if you want to see.
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DeanGoncalves
2 years ago
My feeling is its going the opposite way and will hit near $920..I hope I'm not wrong..i'm betting on it..
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DeanGoncalves
2 years ago
Hmm..looks like it may be going the way I predicted..crossing fingers
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TheChasm DeanGoncalves
2 years ago
Goodluck! I am not comfortable trading in this area right now
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DeanGoncalves
2 years ago
I had it set for a 920 sell, but didt notice the 100Btc order at $898..and then the other two at $900 (now two) so i cranked it back quite a bit..Hoping it hits $893 in the next hour, and ill wait to see, but I think it will drop big time after this last rise, like you predicting
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Flobdeth
2 years ago
Now, add an Elliot wave bud, your "5" is too high, the 340 doesn't look out of range! try it ;)
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TheChasm
2 years ago
Sequel to this chart here
Sequel to "Same ratios on this movement" chart
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