Bitcoin's Future Shape: $13000 and $120k

Long

Bitcoin / Dollar (BITSTAMP:BTCUSD) bitcoin

Fontas 1 month ago

8916

bitcoin

Currently we have just finished a major market bull move (2-1200) and its subsequent bear move correction (1200-150). No new lows for 9 months. The bear market is over.

Now we are in a quiet, flat period of quiet. Quite similar to that of April 2012, not only in price action but more importantly in popular sentiment. Bubble fever is emotionally dead, people at Bitcoin0.00% meets and conferences no longer gush excitedly about financial success.

Fractal self-similarity shows that if this is indeed 2012 deja-vu, the future price path shall take us to $600 within 1 year (wave 1), $13000 within 2 years (wave 3) and possible wave 5 extensions after that.

Recall my previous Elliot Wave possibility of $120k.

alste. 2015-09-16 00:41:07.260807

That is very insightful, Fontas, thank you. I am adding to my short.

17 Agree Reply Link Report

nevermargincalled 2015-09-16 01:01:26.326308

Lol are you smoking crack your charts are all off

4 Agree Reply Link Report

oldstout 2015-09-16 05:19:25.970429

If you have 10x Willie the bot, this chart seems to be reasonable.
Otherwise this is CRAP.

2 Agree Reply Link Report

Mathijs 2015-09-16 09:21:47.480471

We'll see what's going to happen. I think the bearmarket is not over yet.

1 Agree Reply Link Report

blackswan 2015-09-16 10:36:45.129180

lots of immature traders nowadays..

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solimanbitcoin 2015-09-16 12:59:43.648595

fontas keep on your pump and dumps scheme you are not a real traders people on tradingview.com is much smarter than the amateur traders on btc-e.com your tricks will not work here , here you have to prove with real charts and indicators or shut the fuck up

2 Agree Reply Link Report

SvilarovNikola 2015-09-16 13:13:22.522640

mooooon

2 Agree Reply Link Report

DordeMarcetin 2015-09-16 14:12:00.667119

Mooon! :D

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findftp 2015-09-16 13:25:42.870756

I'm trading on this pattern for over a year now.
It is playing out just like 2011/2012.
Sir, you are right.
This is gentlemen.

1 Agree Reply Link Report

Coinmarketswot 2015-09-16 22:17:17.810349

1, 2008-2011 ($ 0.001) : Genesis, nerds convincing nerds to code and build Bitcoin by the White Paper of Satoshi Nakamoto
2, 2011-2014 ($ 100.00): TEA, Technical Early Adaptors, first universities adopting master programs, pioneering tech companies join and such business angels
3, 2014-2015 ($ >100.00): TEM, Technical Early Majority, All serious tech companies and serious tech universities are on board of Bitcoin
4, 2015-2016 ($ 1,000.00 - 10,000.00): IEA, Investors Early Adaptors, Non Tech Private Commercial industries enters the Bitcoin Ecosystem
5, 2016-2017($ 10,000.00 - 100,000.00): IEM, Investors Early Majority, Public and Government Backed funding and investments on International (Stock) Exchanges

https://www.reddit.com/r/Bitcoin/comments/2xnwpk/bitcoin_in_7_phases_checked_predictions/

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Galvin 2015-09-17 18:19:50.392782

Anyone believes this needs a cold shower.

'0' Agree Reply Link Report

superbinge 2015-09-18 09:49:10.464985

This is what I see the same as you :
http://s27.postimg.org/by1c4uy9d/20150918142830.jpg

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