Fontas
Long

Bitcoin's Future Shape: $13000 and $120k

BITSTAMP:BTCUSD   Bitcoin / Dollar
42787 52 131
Currently we have just finished a major market bull move (2-1200) and its subsequent bear move correction (1200-150). No new lows for 9 months. The bear market is over.

Now we are in a quiet, flat period of quiet. Quite similar to that of April 2012, not only in price action but more importantly in popular sentiment. Bubble fever is emotionally dead, people at Bitcoin meets and conferences no longer gush excitedly about financial success.

Fractal self-similarity shows that if this is indeed 2012 deja-vu, the future price path shall take us to $600 within 1 year (wave 1), $13000 within 2 years (wave 3) and possible wave 5 extensions after that.

Recall my previous Elliot Wave possibility of $120k.
Trade active: Update: Price is following the prediction very nicely.
Trade active: 639 USD, the prediction has been followed very closely to this point.
Comment: Incredible profits from this trade. Spent a bunch partying in the French Riviera and Monaco. Hopefully you all had similar success.
That is very insightful, Fontas, thank you. I am adding to my short.
+27 Reply
grahvity alste.
rekt
+18 Reply
imprezd alste.
@alste., lol alste - the rekt legend
+1 Reply
Lol are you smoking crack your charts are all off
+6 Reply
ZimriLeijen nevermargincalled
you post is not so funny now anymore is it?
+8 Reply
Solio ZimriLeijen
LOL
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If you have 10x Willie the bot, this chart seems to be reasonable.
Otherwise this is CRAP.
+3 Reply
We'll see what's going to happen. I think the bearmarket is not over yet.
+1 Reply
lots of immature traders nowadays..
+2 Reply
fontas keep on your pump and dumps scheme you are not a real traders people on tradingview.com is much smarter than the amateur traders on btc-e.com your tricks will not work here , here you have to prove with real charts and indicators or shut the fuck up
+2 Reply
mooooon
+5 Reply
DordeMarcetin SvilarovNikola
Mooon! :D
+2 Reply
I'm trading on this pattern for over a year now.
It is playing out just like 2011/2012.
Sir, you are right.
This is gentlemen.
+3 Reply
1, 2008-2011 ($ 0.001) : Genesis, nerds convincing nerds to code and build Bitcoin by the White Paper of Satoshi Nakamoto
2, 2011-2014 ($ 100.00): TEA, Technical Early Adaptors, first universities adopting master programs, pioneering tech companies join and such business angels
3, 2014-2015 ($ >100.00): TEM, Technical Early Majority, All serious tech companies and serious tech universities are on board of Bitcoin
4, 2015-2016 ($ 1,000.00 - 10,000.00): IEA, Investors Early Adaptors, Non Tech Private Commercial industries enters the Bitcoin Ecosystem
5, 2016-2017($ 10,000.00 - 100,000.00): IEM, Investors Early Majority, Public and Government Backed funding and investments on International (Stock) Exchanges

https://www.reddit.com/r/Bitcoin/comments/2xnwpk/bitcoin_in_7_phases_checked_predictions/
+2 Reply
SunnyMorning Coinmarketswot
Yes its slam dunk. $200,000 in 2020. World Market collapses. People are on the street. Third world war. Nobody wants gold but only Bitcoin. It saves us all. Dont forget on Skynet is knocking behind door. We all will be soon dead.
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Anyone believes this needs a cold shower.
+2 Reply
This is what I see the same as you :
http://s27.postimg.org/by1c4uy9d/20150918142830.jpg
+2 Reply
Sorry to break it to you but this is one of the most outlandish predictions I've seen in a while. If it's not a parody then I don't know what to come up with to highlight how alien this is.
+1 Reply
Not so funny anymore, bears, is it?
+5 Reply
looks like i underestimated you fontas... you still got it in you man... anyway not a bad call i'd say..
+3 Reply
Brilliant analysis. This is exactly the way that I like to look at markets and trends. Sentiment combined with price action. Well done. Great call.
+6 Reply
Do you really think people will pay up to 100K per coin? I'm not saying it's impossible, just wondering what your TAM analysis would say.
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findftp PRO rivet.popper
They'll just buy fractions.
+2 Reply
True. Kinda like a stock split I guess.
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findftp PRO rivet.popper
Remember, 1 bitcoin is just an illusion. The protocol at it's base works with satohis which are 1/100000000th of a bitcoin. So, for 1 dollar you can currently buy 240000 satoshis. Still ultra cheap.
+4 Reply
ZimriLeijen rivet.popper
they'll have to. Don't forget, if bitcoin is used by everyone in the world, there's only 0.003 bitcoin for each person on average. Even if we assume only 10% of the world will use bitcoin, there's still only 0.03 per person on average. Don't count in bitcoin, count in millibitcoin. Better yet, count in microbitcoin.
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well done analysis. I also hold all my bitcoins. I will be selling them in 2020 for $20,000 or maybe $200,000
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etrada SunnyMorning
That'll be the day (from the epic old western movie "The Searchers"). All right, just remember, that it can go pretty much in every possible direction, also lose its value totally. Highly risky indeed.
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While this may seem like a crazy prediction it is certainly possible. Especiallyif we go into hyper inflation. Although the "dollars" won't be worth as much. Don't forget history my friends. It is bound to repeat itself. #to #da #mooooon :)
+1 Reply
findftp PRO oet.investments
It's called http://www.hyperbitcoinization.com
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Sh0t PRO findftp
Great link
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wishful thinking. Personally i dont give much credence to exponential charts as they give a much distorted view of price action.
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Guys: when Fontas speaks - you listen. Just like good old days on btc-e:) Cheers to you, Fontas. I can even feel some trollbox vibe from comments below:)
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et prix future dogecoin???
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#toldya
+4 Reply
Fontas imprezd
lol I love me
+5 Reply
I love how all the naysayer got schooled
+1 Reply
wow ! almost doubled !
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looks legit, BTC is the only thing im bullish on!
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Bitcoin is an exponential technology that will swallow all Central Bank Fiat eventually. Great analysis, still relevant all these months later. Good job. Peace.
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SelectorSam SelectorSam
@SelectorSam, it didn't go postal 8 months ago, but it still doubled since this post. Can't be mad at that.
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10 month's ago u were saying it's not going to happend but it's happening now, you did not belive to this guy.
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You, Sir Fontas, deserve an all time greeting for seeing what we all didn't. You"r an awesome trader and merit respect.
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if the price range had been anywhere between 430 and 750 in the last 3 months it would have pretty much looked like the predicted path since the log scale makes that bit look really small....not that miraculous a prediction imo....still i'd like to see 13k!
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Miami for me, your wine was probably better.
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Very nice analysis
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wrong chart dude.. try again
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BTC is looking more and more bullish by the day. Can we get an update here on your EW targets?
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A bit slower, but we're getting there.
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so? what append?
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See BCN coin Poloniex
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What about this? https://media.consensys.net/why-the-gdax-ether-flash-crash-isnt-surprising-and-what-it-means-for-crypto-2618c98779f6
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