Bitcoin downtrend will stop at the level...vote!!

readygoaw

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Quote from: Vazil on February 02, 2018, 06:05:09 AM

Hello dear bitcoin BTC lovers)

Here are my projections of the levels when bitcoins downtrend will stop. What is your opinion? Participate in the poll! Look at the chart and vote here: https://twitter.com/Ganzastation/status/959380321333665792

+++ to the karma those of you who give me some merit =)

I have followed the link and visited your Twitter. Although only a few guys voted, I see that the majority suppose that Bitcoin would go down further until it reaches $4.700. Hope it will not happen anyway.

Vazil

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Quote from: Alone055 on February 02, 2018, 06:27:29 AM

On what calculation bases have you come up with just two options? And why these two? I don't really know if the trend will continue for very long or it will end again soon, but I also don't think someone can predict a certain point of value where it will stop. It can go down to $2k, or rise up again to the same level where it stayed for a while, around $13-$14k. But I really want to know if there are any calculations or speculations you have considered before reaching to this conclusion.

I based my price projection 7600 BTC/USD on 2 theories:

1) We are now seeing the second (correction) wave (counting from the beginning of bitcoin).
2) The usual level when 2nd correction wave stops is 0,382% Fibonacci level (from 0 to 20000 in our case). So this level = about 7600 BTC/USD

But, because the first correction wave from 20 000 to 10 900 was so great, it is also possible that we will see some flat at the level 7600, followed by a slow increase to 10 000, and then we will see the final gap to the level of about 4700 BTC/USD. After that the 3rd great increase wave will be starting that bring the price much more above 20 000 btc/usd.

Alone055

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On what calculation bases have you come up with just two options? And why these two? I don't really know if the trend will continue for very long or it will end again soon, but I also don't think someone can predict a certain point of value where it will stop. It can go down to $2k, or rise up again to the same level where it stayed for a while, around $13-$14k. But I really want to know if there are any calculations or speculations you have considered before reaching to this conclusion.

Vazil

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Quote from: LFC_Bitcoin on February 02, 2018, 06:10:05 AM

Or you could have just set a poll up in this thread.

A-ha,, I have found how to do that)) thanks for the advice!!

Here is new topic with the pall build in to forum thread: https://bitcointalksearch.org/topic/bitcoin-is-going-down-it-will-stop-at-7600-btcusd-or-4700-level-vote-2867861

Vazil

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Activity: 112

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Quote from: LFC_Bitcoin on February 02, 2018, 06:10:05 AM

Or you could have just set a poll up in this thread.

How can it be done here?

There are auto-calculation of votes in twitter's thread this why I proved a link. Is it possible to make the same poll here in such a convenient way?

LFC_Bitcoin

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Or you could have just set a poll up in this thread.

Vazil

jr. member

Activity: 112

Merit: 6

Hello dear bitcoin BTC lovers)

Here are my projections of the levels when bitcoins downtrend will stop. What is your opinion? Participate in the poll! Look at the chart and vote here: https://twitter.com/Ganzastation/status/959380321333665792

+++ to the karma those of you who give me some merit =)

Topic: Bitcoin downtrend will stop at the level...vote!! (Read 178 times)