If we follow same correction 2k is likely.
This chart terrifies me
Robert Carter
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Adam Hall
maybe you shouldn't arbitrarily ignore the price pre 2011 then
Jose Walker
I'll just leave this here for you brainlets.
Jordan Johnson
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
Evan Barnes
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.
Noah Evans
>past performance guarantees past results
Jaxon Morris
future
fuck abandon thread
Daniel Clark
kek
Angel Lee
Jacob Allen
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????
Aiden Gray
Explain to a brainlet what this means
Michael Gray
Yes
Luis Wilson
domp eet
Eli James
You can stretch out any chart and tweak time frames and make it match that meme chart to a T. Thats the problem with all the TA, I wish I wasnt such a brainlet at this like almost everyone else on Jow Forums. Its like the blind leading the blind. I would sell everything if I wasnt so close to being qualified for long term capital gains tax.
Jace Mitchell
wrong
John Martinez
Don't expect reality to exactly follow the bubble chart. If the market didn't follow it to a tee before the top, then it also won't follow it after. What is important are the general price levels.
Camden Gray
well it did track that motherfucker for a whole year and you all denied it was a bubble
now that it breaks the pattern it's a bubble
yeah right
Ryan Long
It is a bubble, but the market is being propped up artificially by whales trying to push the price higher into a new mania phase. You know this shit won't succeed untill everyone believes in BTC the same way they believe in the Dollar.
Jayden Scott
German?
Carson Cooper
5400-4800-2750 are all targets this year. There will be run ups, but don’t be fooled. If you can’t trade, get in fiat on the next pump, wait for one of these dips and hold from there. It’s going to be a rough year or two.
Gavin Foster
looks more like the whales are holding it down to me. volume is pathetic they could easily push it up some if they wanted.
Austin Ramirez
Cause they're accumulating but other than that they are doing so, BTC is a trade of greater fool theory.
>Mt.Gox admitted to pump BTC with willybot
>Finex likely uses bots and Tether to pump BTC
>When BTC isn't artificially pumped it crashes
Meaning that people litterly only want Bitcoin because the price rises, there's no other reason. Its a ponzi, but there's plenty of fools.
Jacob Evans
here's the thing
look closely at 2013
2 bubbles, one year
it could succeed we don't know yet
Gabriel Collins
ur pic says the opposite, retard
Xavier Ortiz
you know the thing about log charts is they distort the price movement ratios.
Dylan Fisher
>Thats the problem with all the TA
Chart shapes aren't meaningful?