.
There is nothing nitpicking in what I said.
The quoted line gives us two bottoms, $2 and $340. He asks you to do something patently insane: To extrapolate from $340 (the low which happened three months before his post was made, AKA "current low") and to assume that price is going to behave as it did during $2 -> $266 climb.
You can chose to believe anything, that's how cold readings work
There is nothing nitpicking in what I said.
The quoted line gives us two bottoms, $2 and $340. He asks you to do something patently insane: To extrapolate from $340 (the low which happened three months before his post was made, AKA "current low") and to assume that price is going to behave as it did during $2 -> $266 climb.
You can chose to believe anything, that's how cold readings work
What is being discussed here, now - whether rpietila's call was for a bottom at 340, or whether his implied prediction for future prices makes sense? You appear to be conflating the two.
No. I'm saying:
1. He did not call 340.
2. On top of not calling 340, he asked you to do something nonsensical, for extra lulz.
Are you serious?
......
I believe that the next one might carry us north of $10,000. The longer time we spend here, the more explosive it gets. The supermove from $2 to $266 (133x price appreciation) took 17 months. Extrapolate that with the starting point of $340 in 2014-4-11.
I believe that the next one might carry us north of $10,000. The longer time we spend here, the more explosive it gets. The supermove from $2 to $266 (133x price appreciation) took 17 months. Extrapolate that with the starting point of $340 in 2014-4-11.
emphasis added