Bitcoin Forum
January 16, 2018, 10:21:28 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Poor trader retracement calculation  (Read 420 times)
wobber
Legendary
*
Offline Offline

Activity: 1064


View Profile
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??



If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1516098088
Hero Member
*
Offline Offline

Posts: 1516098088

View Profile Personal Message (Offline)

Ignore
1516098088
Reply with quote  #2

1516098088
Report to moderator
1516098088
Hero Member
*
Offline Offline

Posts: 1516098088

View Profile Personal Message (Offline)

Ignore
1516098088
Reply with quote  #2

1516098088
Report to moderator
1516098088
Hero Member
*
Offline Offline

Posts: 1516098088

View Profile Personal Message (Offline)

Ignore
1516098088
Reply with quote  #2

1516098088
Report to moderator
yokosan
Hero Member
*****
Offline Offline

Activity: 490


🌟 Join Robin8 ICO 🌟


View Profile
April 12, 2013, 05:14:37 PM
 #2

I'm a very poor trader.

Stopped reading there.

Thanks for saving me some time.

JimiQ84
Sr. Member
****
Offline Offline

Activity: 406


View Profile
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
Legendary
*
Offline Offline

Activity: 1064


View Profile
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.

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!