Poor trader retracement calculation

[wobber]

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??

[yokosan]

I'm a very poor trader.

Stopped reading there.

Thanks for saving me some time.

[JimiQ84]

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.

[wobber]

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.