Topic: $13,000 bitcoins by the end of 2016? $120,000 by 2018? (golden ratio fractals) - page 9. (Read 13828 times)
October 21, 2015, 06:46:16 AM
Overly optimistic in my view. We cant' even stay at 270 right now. The past is no indication in bitcoin. Remember that the past 24 month long bear period has broken new grounds. Too many people bought in at $1000+. If and when we reach $1000, they will dump their bitcoins, we will go right back down to 200.
October 21, 2015, 01:27:09 AM
Maybe the values are a "bit" high. One has to realize that to maintain the same trend of price rise as back in the day, significantly more money needs to flow into bitcoin to make it possible. 120k seems so unlikely that I doubt it will ever happen. 13k is a different story, but let's first get over 2k shall we? 
Nice analysis though!
Nice analysis though!
October 21, 2015, 01:19:00 AM
Quit interesting but 
Quite*
Well I don't think it's possible but what was impossible before had already happened so, I don't know wether to believe in this speculation or not. What I amonly hoping is that and I think will happen anytime soon, bitcoin price will rise once again, might not be a rocket change but atleast there will be increament.
October 21, 2015, 01:02:57 AM
Quit interesting but
October 20, 2015, 10:33:28 PM
I'm curious as to your thoughts here. So much speculation these days is so grounded in reality: "Will we hold above $270? What about touching $230 again? Will we see $400 again?"
After reviewing the galactic archives it really does look a lot like 2012. So let's just dream a little about the possible near-future that no one expects: a titanic rocketship to absurd levels that seem like god-damned delusions right now (just like $2 -> $1200 seemed absurd222 back in 2012). Check out one TradingView user's wild speculation:
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 Bitcoin0.10% 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.
[Please don't quote this large picture in any responses!]
credit for the italicized text and chart goes to
-Fontas
Sauce: https://www.tradingview.com/chart/BTCUSD/P8X2S1MW-Bitcoin-s-Future-Shape-13000-and-120k/
After reviewing the galactic archives it really does look a lot like 2012. So let's just dream a little about the possible near-future that no one expects: a titanic rocketship to absurd levels that seem like god-damned delusions right now (just like $2 -> $1200 seemed absurd222 back in 2012). Check out one TradingView user's wild speculation:
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 Bitcoin0.10% 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.
[Please don't quote this large picture in any responses!]
credit for the italicized text and chart goes to
-Fontas
Sauce: https://www.tradingview.com/chart/BTCUSD/P8X2S1MW-Bitcoin-s-Future-Shape-13000-and-120k/
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