I'm back from Curacao and spotted something amazing again. I was thinking about BTC while dreaming. Then I though that maybe I could figure out more if I see things I a different light. Maybe I had to see it for once from the mathematical side. I worked it out today and surprisingly this stupid idea I made while dreaming surprisingly made change the whole picture into very very one.
So lets go to the chart now. What you see in this chart has nothing to do with the fundamental elements or special events around bitcoin . The chart is completely based on simple arithmetic and analysis. First I compared the rally from the beginning of 2013 to the rally on the end of 2013 (and yes I'm aware of the difference between the price ranges etc. but at least take a look @ what I found) I started with the consolidation process after the rally of the beginning of 2013. It decreased with +/-76% in 91 days, then I looked @ the consolidation after the rally of the end of 2013 and to my surprise (until now) it also decreased with 76% in 301 days (which is almost three times as long as the rally of early 2013 took over this phase).
Okidokie I thought that this is really interesting so I took the next stap and watched the phase after the consolidation when BTC is building momentum to rally again. These phase in the beginning of 2013 also took as long as the consolidation phase, about 91 days. With an increase of over 80%. Which is very very interesting. If we do the same for the rally in late 2013 this will take us to 600 USD @ the end of august. So were all again guys :)
Now start with the rally phase. This is the phase where everything comes together. The first "rally" started @ the beginning of 2013, this was a rally that had an increase of 1166% the next rally had an increase of 775% this means that the rally of the end 2013 was 1,5 times as much as the one from the beginning of 2013. Last but not least 1166:1,5= 777
You'll ask yourself right now, yeah mm so Maddie what's so interesting about all this!?!... Okidokie let me tell you right now that it's really normal that the increase was 1,5 less than the first rally. If the price is going up from 10 to 150 the thats needed for every dollar to go up higher is less then when the price wants to go up with 1 dollar from 150 till 1100.
Knowing this, lets say the increase for oct 2015 will be 1,5 less than the second rally: 775%:1,5 = 517%
If we take the 600 USD of end sept 2015 as 100%: 600/100*517 = 3102. 3102 USD would be a very nice Christmas present next year :)
Have a good day,
I hope this analysis helped you further.
And never forget what your mind is doing while dreaming, almost magic isn't it?!?
P.S. Also take a look @ my dad's first chart that completely came out as he planed!
Although, I hope the Winklevoss ETF (COIN), will be the game changer in terms of the next BTC rocket-ship rally. http://www.coindesk.com/winklevoss-bitcoin-etf-trade-nasdaq-coin-symbol/
Rumor has it that it will open up at the beginning of 2015.
More breaking news - "Europe-Listed Bitcoin ETF in the Works" http://www.coindesk.com/coinfloor-launch-bitcoin-trading-fund-adds-new-currencies/