BTC Fractal theory price prediction $5000 - $8000 / BTC

[thelema93]

Have you heard that a lot of financial charts can have repeating fractal patterns in them? (no i am not stoned right now...)
I noticed that the last 4 months of BTC / USD prices looks amazingly similar to the pattern of last April,May price rise last year.

So if the pattern really will repeat..... then around August - October 2014 the BTC price may rise to $5000 or more.

You heard it here first!



EDIT: According to my prediction - the current price drop will not go any lower than $550 USD before correcting to an average of around $600 - $800 for about 6 or 7 months, then it will have another massive rise.

[knight22]

We are capitulating. Probably the last chance to get cheap coins for a while.

[BittBurger]

To the OP:

Why do you say $5,000 ?

You're looking at a 10-fold increase the first time around  ($150's to $1000)

If its repeating itself, aren't we looking at a minimum of $10,000+ ? ($1000 to 10,000)

-B-

[chessnut]

This is elliot wave analysis. it does not entail anything only gives potential price targets near the end of waves. the market responds in predictable ways to unexpected fundamental shifts. but the shifts are still unpredictable....

[TERA]

If you're using a pattern analysis and saying that that this years trading should resemble last years trading, then the drop should be to $500.

[Dafar]

Heard it here first?! You're like the 10th person to mention this reference and theory today. What do you smoke?

[thelema93]

Heard it here first?! You're like the 10th person to mention this reference and theory today. What do you smoke?

LOTS 

[thelema93]

This is elliot wave analysis. it does not entail anything only gives potential price targets near the end of waves. the market responds in predictable ways to unexpected fundamental shifts. but the shifts are still unpredictable....

I reckon when the price is mainly determined by what people's gut reaction is and doesn't depend on how well a business is doing (like stocks and shares) then maybe it IS more predictable. People watch that chart and they react a certain way - so it's very likely to repeat.

Bitcoin is much more likely to follow repeatable trends than any other currency or stock price.

That's just my humble opinion.

[chessnut]

This is elliot wave analysis. it does not entail anything only gives potential price targets near the end of waves. the market responds in predictable ways to unexpected fundamental shifts. but the shifts are still unpredictable....

I reckon when the price is mainly determined by what people's gut reaction is and doesn't depend on how well a business is doing (like stocks and shares) then maybe it IS more predictable. People watch that chart and they react a certain way - so it's very likely to repeat.

Bitcoin is much more likely to follow repeatable trends than any other currency or stock price.

That's just my humble opinion.

yeah sentiment is a huge component. when everyone is cheering for a bull market, who is left to buy? nobody = 0 demand = fall in price.

[thelema93]

looks like my prediction is becoming true - nice and stable again around $700

[solid12345]

Nobody knows if a bitcoin is going to go up, down, sideways or in circles. You know what a fugazi is?

[MatTheCat]

looks like my prediction is becoming true - nice and stable again around $700

'Nice n Stable'

BWAHAHAHAHAHAHAHAHAHAHAHA

If you are determined to hold through thick and thin, as you continue to watch already greatly diminished wealth potential evaporate even further, you are going to have to level with yourself instead of all this self delusion. You are only harming yourself in the long run.

[thelema93]

looks like my prediction is becoming true - nice and stable again around $700

'Nice n Stable'

BWAHAHAHAHAHAHAHAHAHAHAHA

If you are determined to hold through thick and thin, as you continue to watch already greatly diminished wealth potential evaporate even further, you are going to have to level with yourself instead of all this self delusion. You are only harming yourself in the long run.

Sounds like you hate Bitcoin mate. maybe you should sell all your coins then and stop trolling all over this forum!

[Chuckee]

Have you heard that a lot of financial charts can have repeating fractal patterns in them? (no i am not stoned right now...)
I noticed that the last 4 months of BTC / USD prices looks amazingly similar to the pattern of last April,May price rise last year.

So if the pattern really will repeat..... then around August - October 2014 the BTC price may rise to $5000 or more.

Real nice prediction there.