If we follow same correction 2k is likely.
This chart terrifies me
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maybe you shouldn't arbitrarily ignore the price pre 2011 then
I'll just leave this here for you brainlets.
Because Log scale is always how TA works... You can't just pick and choose whichever chart you want on any given day
You should be happy about bitcoin going lower, as a chance to buy. If you don't believe in the future and just want to be rich by Christmas, then you are in the wrong mindset. I will be buying every small dip of 5/10% until the end of this bear market... as you should be
If you weren't a brainlet it would excite you.
As you can see the first run up has DISTINCT 5 waves up and down, then an ABC correction. The uptrend into current correction CLEARLY does not have those waves, despite being of the same magnitude. What you are seeing now is a "wave 2" of a similar 5 wave structure of the wave 1 you can see from 2011 to 2014. All-in-all, what this means is a new wave up is coming soon. Subwave 3 in the overall wave 3 structure.
>past performance guarantees past results
future
fuck abandon thread
kek
So you're saying that this is wave 2 correction in a 5 wave structure? meaning we're going to get incredibly rich and Mcafee won't have to suck his own dick on national television?
Or????