Posted this idea already but I realized the I used the FIB time twice. Experimenting with this however the fib retracements are correct. Sorry to post two but i wanted to be able to press the play button and copying the new one in my old idea does not allow that.
Besides: this seems to be the platform I always (since one week as I just started with crypto and trading in general) was searching for. Damn, I'm on the hook. This is not complicated, but complex! I was wrong all those decades as an always broke artist, haha! This is fun!
dropd01
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@mybitcoinage brought up a good point so I am posting an alternate Wave Count. Not to say this could correct fast and start a new wave count we will have to wait and see. Fib Time does not make any sense. Does anyone know how to use it correctly. Didnt put it on this chart...wouldn't work
mybitcoinage
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Indeed. I think you missed (3) and (4) earlier as we are heading towards (5) right now. Don't forget the psychological barrier of 200. People already are selling.
dropd01
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@mybitcoinage, Do you have a drawing you could show me?
mybitcoinage
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@dropd01, unfortunaltey not. For me this is all too knew, I am even not familiar with those terms and tech anal and all this fuzz about this, haha! Sorry, I am just observing hardcore and willing to learn more by this than by mistake ;-) But I follow the debate on etoro where a lot of newbies like me are happily waiting with greed, and some pros are already selling their positions ... so I can draw my conlusions in relation to what I observed so far and to your chart.
dropd01
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@mybitcoinage, After looking I believe your right... I will post an alternative
dropd01
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I believe so too. Not sure how this fib time is supposed to work. Any idea? This is an experiment