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Title: Poor trader retracement calculation Post by: wobber on April 12, 2013, 05:12:57 PM 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?? Title: Re: Poor trader retracement calculation Post by: yokosan on April 12, 2013, 05:14:37 PM I'm a very poor trader. Stopped reading there. Thanks for saving me some time. Title: Re: Poor trader retracement calculation Post by: JimiQ84 on April 12, 2013, 05:15:06 PM 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?? 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. Title: Re: Poor trader retracement calculation Post by: wobber on April 12, 2013, 05:18:43 PM 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. |