BTCe price prediction
*** See the first comment below for full snapshot. For some reason, the chart didn't publish properly ****
I see a flurry of price predictions being published daily. Some are logical, some are "hope we go to moon" types. Here's my crazy 2cents, I will let you decide which category this belongs to. :)
I noticed that that the run up fibs from ~7 to 259 bounced off (or rather, touched) 0.236 fib before running up to 4.236 fib.
Assuming same thing repeats this time:
- We should bounce off (not necessarily cleanly) 0.236 fib, which is ~306 in BTCE
- Run up to 4.236 fib, at least. This is ~4434 BTCE.
Notice that this doesn't call out the "time" factor.
I see a flurry of price predictions being published daily. Some are logical, some are "hope we go to moon" types. Here's my crazy 2cents, I will let you decide which category this belongs to. :)
I noticed that that the run up fibs from ~7 to 259 bounced off (or rather, touched) 0.236 fib before running up to 4.236 fib.
Assuming same thing repeats this time:
- We should bounce off (not necessarily cleanly) 0.236 fib, which is ~306 in BTCE
- Run up to 4.236 fib, at least. This is ~4434 BTCE.
Notice that this doesn't call out the "time" factor.
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List of my indicators at Appstore: blog.tradingview.com/?p=970
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