RE: Some stunning longer term Fibonacci projections

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Some stunning longer term Fibonacci projections

in bitcoin •  6 years ago 

NEO is also a bit short on data, but they all move in tandem: a strong move up in 2017 with a correction in 2018. Depending when the coin was introduced they either corrected back to the starting point or somewhere halfway the previous rise. What is very important is that the correction is a sideways pattern, meaning it is a correction within a larger uptrend. Therefore another impulse up has to be expected and that impulse will make new highs. That is presuming the Elliott Wave theory has some value to it, which, certainly in hindsight, it usually has.

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Thanks for that! =]