Nathanael
Short

Next stop: 883

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
767 4 3
Should be there soon. Lets see if it holds
joec PRO
2 years ago
where did you come up with the ending point dollar amount for the second fib?
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Nathanael joec
2 years ago
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)
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flibbr Nathanael
2 years ago
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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nikko
2 years ago
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 :-)
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