BullFish
Long

BTC USD Time and Percentages Study

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
1953 15 8
When studying the relationship between percentages of the moves we have been seeing there appears to be a possible fib ratio at work. I.e the difference between the 125% and 211% is 1.688 (not far off a fib ratio). If we were to speculate on the next move up we could take the previous 211% move and multiple it by the fib ratio of 1.618. The result is a percentage rise of 341%. This price just happen to be a few dollars short of $2000.

The time in which these moves is happening is also decreasing.

My gut feeling is that with so much buying pressure we'll see new All Time Highs very soon. How high we go though is really anyone's guess.

Spekulatius
3 years ago
interesting. I hope I can get some more coins before that happens.
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BullFish PRO
3 years ago
*Update: We could also see a double top of sorts and should be ready if that situation was to play out. (I dont think it'll play out like that but it's good to be prepared to act). There are a lot of asks lined up in that area as well.
Also I referred to buy pressure. More accurately I was referring to the amount of USD on the bid side. It was sitting at almost 35 million a few hours ago. I think people are being tentative and dont want to be caught out. This situation is playing out similar to the correction and retracement from and back up to 395. We crept our way back up then took off to make new highs.
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PonziUnit70
3 years ago
Thanks for the chart.
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Grounded
3 years ago
I totally agree
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ChristopherMazet
3 years ago
Very useful. Thanks.
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blacktulip
3 years ago
Doesn't seem to be working out now...
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chhopraki
3 years ago
The difficulty level is set to go up in about a week. During this time this should also go up in price. You have got some interesting Doji formations supporting the upside. However the MACD histogram needs to print a higher bar today if this thing wants to break the 900 range.
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flibbr PRO
3 years ago
interesting, lets hope it becomes reality !
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JohnGoltfx
3 years ago
And if you stack that 10 more times Bcoin will get more valuable than the world itself. PONZI!
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chinatownteam
3 years ago
It was sweet idia...
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chinatownteam
3 years ago
You are great man!
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StealthTrader
3 years ago
Great Work 50% of the way there.
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