Quote from: mast3rm1nd on December 05, 2017, 01:47:19 AM

I really would like to know how you arrived at your conclusion. I mean it could happen and bitcoin could go back to 3000$ but that doesn't mean your calculation was correct.

I picked 3K because it was the last significant horizontal support - the crash likes to end at previous horizontal supports (after wiping out 90% of gains). The support at $5K was too short and not low enough. I really wanted to pick the $2K support but because of how much Bitcoin has changed and matured yada yada and mainly because of how slow the rally has been, I'm ultra-generously giving it 3K. Its going to be phenomenal when we end ONLY at 3K at preserve an entire 200% gain like never before. Theres a small chance of 5K too, I guess, since there WAS a support there. I'd say it's dropping to AT LEAST 5K, PROBABLY 3K, and possibly 2K.