Quote from: bitcoin_is_here_to_stay_2 on February 05, 2018, 02:09:43 AM

Quote from: somac. on February 05, 2018, 01:52:59 AM

In your opinion where do you think wave 3 would end?

I really like ML earlier analysis, which is also consistent with BETI:

https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/

as you can see from this, it all depends on timing. If we go there very quickly, 2-3 months (seems completely unlikely now), it would be "only" 60-70k, if it will take longer, will be 100k or more. I know it sounds a bit like a sci-fi now, but if you believe in bitcoin expenontial netwrok growth/price growth theory, something like that should happen. It is also possible that maturing of the markets will cause flatter peaks and dips, this analysis assumes same relative peaks as in 2013. Anyway, according to exponential growth the "fair price" of btc should be around 13k this August, is around 8k now.

So, your saying that wave 3 is still in progress and we will either end up at 40k if we rally quickly and 100k if we do it slower. To me, Seeing as we've had this correction so far it would look like we are heading towards the 100k. But, this correction is much more deep then the one on that chart (14k) so despite this deep correction wave 3 would still be in play?

how deep would this correction have to get to show wave 3 is over?