BullFish
Long

Geometric Experiment 2

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
303 1 1
I previously plotted some sell points generated from geometric             analysis of BTCUSD             charts done in a CAD program. The next sell point I have is 160-161.
In the last version of this chart I had sell points of 143 and 161.
The 143 was pretty spot on. We can then see that when we draw a fib tool from 133 (the high of the previous move) to 142.79 we get a fib extension (1.618) and another push to 148 which is what we had (I didn't predict this extra push.. just analyzing what happened).
So for this chart I have plotted the next sell point 160 then drew a fib tool from 148 to 160. The extension (1.618) points to extra push (after the move to 160 zone) to 168.
Interestingly the fib extension (3.618) from points 133 to 142.79 matches the fib extension (1.618) from points 148-160
makes sense.
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