Monday thread, page-5

[BIT price retracements]

1. High - Low  =  44.5-1.6 = 36.7

2. Fib 0.618 from High /  Fib 0.382 from Low:          
           21.5 = 44.5-0.618x36.7 

3. Fib 0.618 from Low / Fib 0.382 from High:
           30.5 =1.7+0.618x36.7

4. Wave 4 First Dip End
     = Fib 0.618 from High
     = Fib 0.382 from Low
     = 21.5

5. Wave 4 First Bounce End
     = Fib 0.618 from Low
     = Fib 0.382 from High
     = 30.5

6. Then back to 21.5 (in fact 22.5) again before Wave 5 started!

7. Closing of first day of Wave 5 is high, 29 which is 58% retracement from 4 week Low 1.7

[Future movement]

8. Opening 30.5+, Fib 0.618 from 4 week low  1.7 or 0.382 from high 44.5.

9. Finish monday circa 36, the  minimum target for Wave 5

10. How far further is  up  to momentum strength!