user100000
Long

Bitcoin long term count

BITSTAMP:BTCUSD   Bitcoin / Dollar
216 12 1
5256 level is were wave I = wave III             . that is the minimum target for wave III             . wave III             are usually 161.8% of wave I (target = 100K)
Maddie
2 years ago
very funny, this target can't even be calculated by TA.... We go were the market want's to go, this would not be 100K before the end of 2016 lets say 3k :)
+1 Reply
pumapunko PRO Maddie
2 years ago
I think the author is drinking too much moonshine!!
Reply
user100000 Maddie
2 years ago
i don't know. 100K seems doable. 3K is very realistic but volatility will remain. imo, bitcoin need to reach an acceptable level (100K) to encourage early hoarders to dishoard and allow bitcoin to function better as a currency. market manipulation will also become difficult when massive capital is required to move it
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Maddie user100000
2 years ago
If BTC reached 100k at the end of 2016 BTC will die....
Also a thing that you didn't notice is that when the price goes up from 150 till 1200 we need more volume to get BTC one dollar up. But when we go from 1200 to 200k we need so much more volume. This isn't even possible @ this stage....
Reply
soap
2 years ago
You should take medicine.
Reply
user100000 soap
2 years ago
thank you for your concern
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RamaDeda
2 years ago
According to MACD FIBO ELLIOT LOG Bollinger III level indicator you are right!! :)
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user100000 RamaDeda
2 years ago
please show your chart. im not sure i follow
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Maddie RamaDeda
2 years ago
could you show the chart that confirms this is right ;p
Another this, TA is an handle it isn't science or something :)
Reply
user100000 Maddie
2 years ago
i have many charts which show wave 3 is often 161.8% of wave 1.it is very common occurrence in markets from my experience . that's how i came up with 100K target
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Maddie user100000
2 years ago
could you show me that chart?
and the markets where the same happens?
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user100000 Maddie
2 years ago
please take a look at my wave c update chart. compare waves 1 and 3. using the trend based fib extension tool it shows wave 3 is 2.618 of wave 1... unfortunately the trend based fib extension tool was not setup to work with semilog chart. it works ok on short distance using arithmetic scale, but is not reliable for semilog. for example, my weekly chart i get 5256 if wave III equal wave I on semilog but the tool doesn't show this correctly. i had to calculate this manually
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