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RE: Bitcoin BTC - Live Stream March 13 Morning Analysis - Is $7,661-$8,200 A Possible Target

in #bitcoin7 years ago

Firstly thank you for your regular updates. Really appreciate the work you do.

Can you please answer 1 question regarding Fib extensions and retracements. In the current BTC scenario you used a Retracement of the whole structure (6000 to 11800ish) to asses the target of the bottom and then used the Fib extension in the current smaller picture to get a more accurate target.

Why did you not use an extension from the top to the bottom of the whole ABC correction (11700ish - 8400ish (A) extend to 9900ish (B) to get target (C).

I would be highly greatful for your input.

Thanks