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Author Topic: Poor trader retracement calculation  (Read 420 times)
wobber
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April 12, 2013, 05:12:57 PM
 #1

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??



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April 12, 2013, 05:14:37 PM
 #2

I'm a very poor trader.

Stopped reading there.

Thanks for saving me some time.

   
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JimiQ84
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April 12, 2013, 05:15:06 PM
 #3

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
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April 12, 2013, 05:18:43 PM
 #4

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.

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