Before reading this. please see the prior post I did for Ethereum which lead me to look at this for BTC chart
-premise is you look at a range, take the bottom of the bounce to the top, draw a line, and project the same line at the 50% from top to bottom. that gives you a price target area (minimum price run). Did this for Eth on multiple ranges and the projected...
Maybe im late to the party but this is what i've noticed.
-using coinbase chart
1.) ETH bounce from 560 to 982, draw a line from bottom to top. take the 50% ($770), clone the line project it downward from $770, takes you to $352. The bounce occurred at $360
www.tradingview.com
2.) ETH bounce from $360 to $830. draw a line. take the 50% ($595), project line...
I find it interesting that from the last low to recent high the dump across the market today went right to the .382 fib on both the S&P 500 and DJI. see DJI chart.
could be a temporary bounce coming due to the amount dropped today but im not a day trader so its not worth playing with fire.
I find it interesting that from the last low to recent high the dump across the market today went right to the .382 fib on both the DJI and S&P 500. see S&P 500 chart.