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Title: Call the bottom (for bears only) Post by: TERA2 on December 27, 2017, 07:46:23 PM Based on the slow ramp up of the beginning of the rally with the strong support at $5500 and the subsequent meteoric rise, I chose a bottom of $5500. Based on previous rallies and crashes, the always goes within 50% of the past ATH - that would put the target at $1800 - which happens to the be the FIRST place there was a strong support during the rally. However, that seems extremely low and unobtainable at this point. Now there are bulls who claim this thing cant go below $12K or whatever again - that sounds equally ridiculous. What is your target?
My $5500 bottom might not be reached for several weeks or months. If I was to put a short term bottom for the current movement going on right now it might be more like $8000 but who knows. https://i.imgur.com/OkAf29Z.png As you can see from this chart, even my target of $5500 seems way too high. And I dont even have 2011 on here. Title: Re: Call the bottom (for bears only) Post by: Torque on December 27, 2017, 07:49:03 PM 1. You're full of shit.
2. You're not TERA. How do I know? I knew the first TERA, has PMs with TERA, and saw the writing style. So I know. And TERA was a not a perma-bear troll like you. You're just a poser. Title: Re: Call the bottom (for bears only) Post by: TERA2 on December 27, 2017, 07:52:02 PM 1. You're full of shit. If you want to talk to me personally to find out that I'm TERA please PM me or do it somewhere else. Doesnt belong here.2. You're not TERA. How do I know? I knew the first TERA, has PMs with TERA, and saw the writing style. So I know. And TERA was a not a perma-bear troll like you. You're just a poser. Title: Re: Call the bottom (for bears only) Post by: AmazonStuff on December 27, 2017, 08:28:46 PM Based on the slow ramp up of the beginning of the rally with the strong support at $5500 and the subsequent meteoric rise, I chose a bottom of $5500. Based on previous rallies and crashes, the always goes within 50% of the past ATH - that would put the target at $1800 - which happens to the be the FIRST place there was a strong support during the rally. However, that seems extremely low and unobtainable at this point. Now there are bulls who claim this thing cant go below $12K or whatever again - that sounds equally ridiculous. What is your target? Short term bottom might be $6500 (if BTC crashes from $15 000, if BTC jumps to max possible price at this moment $17500, then short term bottom might be $8000), 1 year bottom $4000. Bulls might stop the fall @ $12k only for 1-3 days, I expect this to happen, but after that BTC will continue it's journey to sub 10k levels...My $5500 bottom might not be reached for several weeks or months. If I was to put a short term bottom for the current movement going on right now it might be more like $8000 but who knows. https://i.imgur.com/OkAf29Z.png As you can see from this chart, even my target of $5500 seems way too high. And I dont even have 2011 on here. |
