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 :-)
CleverFoxFI
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where did you come up with the ending point dollar amount for the second fib?
Nathanael
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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
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You can't beat Fibonacci + elliot on BTC. It's almost perfect for a math based currency to follow the Fibonacci sequence so well..
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 :-)