I'm a very poor trader.
Stopped reading there.
Thanks for saving me some time.
I also put it in the title but you still checked my post.
Topic: Poor trader retracement calculation (Read 513 times)
Stopped reading there.
Thanks for saving me some time.
I also put it in the title but you still checked my post.
I'm a very poor trader. I made this calculation I want people discuss.
2011 high, $31.91 then a minimum of $2 (don't really know the exact prices). So, the retracement is 625% ?
2013 high, $266 aplied with a retracement of 625% would mean a price of 39? and if we apply then a growth from 2 to 266 (about 133 times) that would mean price would rise from 39*133??
2011 high, $31.91 then a minimum of $2 (don't really know the exact prices). So, the retracement is 625% ?
2013 high, $266 aplied with a retracement of 625% would mean a price of 39? and if we apply then a growth from 2 to 266 (about 133 times) that would mean price would rise from 39*133??
You should rather calculated new high from (last top / first top). Which is 266/32 = 8.3. So next top will be 266*8.3 = 2200 USD/BTC.
I'm a very poor trader.
Stopped reading there.
Thanks for saving me some time.
I'm a very poor trader. I made this calculation I want people discuss.
2011 high, $31.91 then a minimum of $2 (don't really know the exact prices). So, the retracement is 625% ?
2013 high, $266 aplied with a retracement of 625% would mean a price of 39? and if we apply then a growth from 2 to 266 (about 133 times) that would mean price would rise from 39*133??
2011 high, $31.91 then a minimum of $2 (don't really know the exact prices). So, the retracement is 625% ?
2013 high, $266 aplied with a retracement of 625% would mean a price of 39? and if we apply then a growth from 2 to 266 (about 133 times) that would mean price would rise from 39*133??
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