Next stop: 883

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
Should be there soon. Lets see if it holds


How did you draw the second Fib. (the on in the right) where is the start and end point?
Thanks for the idea, I just like to learn,
I know the Fibs principle though, but I don't get how you come up with 883.
elaborate please :-)
where did you come up with the ending point dollar amount for the second fib?
Nathanael CleverFoxFI
since we bounced off the trend line + bearish indicators suggested we were going down, the next stop was the 0.236 fib.

It appears we are still bouncing around on that line - I'm guessing we will break though soon to the next one (788ish)
flibbr Nathanael
You can't beat Fibonacci + elliot on BTC. It's almost perfect for a math based currency to follow the Fibonacci sequence so well..
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