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.
The bottom called is $340 from 4/11/14. Please read the entire OP before saying he's wrong. He may become wrong a few days from now, but as of this very moment we have not broke the bottom that he called.
Lol, OK. He asks you to extrapolate from 4/11/14. At no point does he call that date the bottom he's calling. No more so than he explicitly calls $2 [from the same quote] the bottom.
Perhaps he meant $2?
As others have mentioned, rpietila asks you to think like this: pick two points on the chart that I chose, and extrapolate from there.
That makes as much sense as me saying "Bitcoin exchange rate went down from $1153 to $339 in just a few months. If we extrapolate from that, with the starting point of $400..."
So yeah
