When studying the relationship between percentages of the moves we have been seeing there appears to be a possible fib ratio at work. I.e the difference between the 125% and 211% is 1.688 (not far off a fib ratio). If we were to speculate on the next move up we could take the previous 211% move and multiple it by the fib ratio of 1.618. The result is a percentage rise of 341%. This price just happen to be a few dollars short of $2000.
The time in which these moves is happening is also decreasing.
My gut feeling is that with so much buying pressure we'll see new All Time Highs very soon. How high we go though is really anyone's guess.
Commentaires
StealthTrader
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Great Work 50% of the way there.
chinatownteam
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You are great man!
chinatownteam
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It was sweet idia...
JohnGoltfx
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And if you stack that 10 more times Bcoin will get more valuable than the world itself. PONZI!
MrJozza
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This would be a major parabolic increase. Do you have other information to support this?
JustFish
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nah just speculation. We can look at the april bubble and study percentage increases. You come to similiar results. Bitcoin is a strange beast. Lets see if we can get over 900
flibbr
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interesting, lets hope it becomes reality !
chhopraki
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The difficulty level is set to go up in about a week. During this time this should also go up in price. You have got some interesting Doji formations supporting the upside. However the MACD histogram needs to print a higher bar today if this thing wants to break the 900 range.