COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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I hope we stay in the triangle from my last post.. but the more I'm looking at the chart I am wondering if it will hold... I'm back 90% in fiat... good luck
Jul 19
Trade closed: target reached

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Also have a feeling we're going to around 1800 shortly..
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Really, that's a parabolic move down, what are the reason(s) that you see such as shift in price?
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stec unitednoobies
@unitednoobies, Looking at the log charts were a bit over extended from the norm. and on a trajectory that has BTCUSD at $55K by 2018.. I'm just skeptical of that rate of growth.



I also am just showing the Elliot waves to show that there could still be more correction due.. The last wave point C could have ended already but when I look at how far wave A played out I started seeing that we might only be half way done with C. Thats the part about Elliot waves.. you can draw them anywhere so they must be used with other methods to verify.

Pick a target for the end of year.. one that you think BTCUSD will be and draw a line on the log chart from the start of this rally back a few months ago.. I bet you will find that we should be at $1600 at this point in time..

I don't know where the market is going to go.. there is nothing to prevent us from reaching 55K by 2018 if the buyers are there and the coins are locked in vaults.. that would be real nice..

Sometimes I forget about how BTC will scale.. remember all the units that will be used in the future.. I think once exchanges are at $10K per BTC they will change the unit size toe mBTC and we wont see $10425 - 1 BTC we will see $10.424 = 1 mBTC.. when BTC unit size is psychologically trading at $10 again I think its just going to move quick... after the mBTC days play out the unit size can drop down to bits.. and there are satoshi units beyond that.. if a bit every becomes worth $1 and satoshis every become worth a penny then 1 full BTC will be worth 1 million dollars..
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same here, holding fiat right now. not sure what's going on with this, especially with ether.
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