Testing the validity of time based Fibonacci markers.
Prediction: $0.00048 at 04:00GMT on Nov 3rd
Using the Fib time zone on the first micro peak at the start of it's run, a set of time zones could be established that matched reasonably well with succeeding peaks. This left the remaining -55- marker and the -89- marker at 04:00 GMT on Nov 3rd and 09:00 on Nov 7th respectively.
A second Fib time zone was set up from the ATH to the succeeding low, leaving the -13- marker almost exactly on the first zones -55- marker, suggesting a confirmation in trend.
As well as this the first Fib's -89- marker splits the second's -21- and -34- evenly. I don't know what this may imply other than a nice ratio between the two zones.
A Fib retracement was set from the ATH to the bottom (beginning) of this run. Other Fib retracements showed successive peaks matching the 1.618 line in the run up to ATH, but they have been left out to keep the chart clean. This would suggest the next peak to top at the 1.618 line shown in the chart.
Where these two established points converge then, gives a prediction of $0.00048 at 04:00 GMT on Nov 3rd.
The next again peak is estimated to be reached at 09:00 on Nov 7th at either the 2.618, 3.618 or 4.236 Fib line.
Prediction: $0.00048 at 04:00GMT on Nov 3rd
Using the Fib time zone on the first micro peak at the start of it's run, a set of time zones could be established that matched reasonably well with succeeding peaks. This left the remaining -55- marker and the -89- marker at 04:00 GMT on Nov 3rd and 09:00 on Nov 7th respectively.
A second Fib time zone was set up from the ATH to the succeeding low, leaving the -13- marker almost exactly on the first zones -55- marker, suggesting a confirmation in trend.
As well as this the first Fib's -89- marker splits the second's -21- and -34- evenly. I don't know what this may imply other than a nice ratio between the two zones.
A Fib retracement was set from the ATH to the bottom (beginning) of this run. Other Fib retracements showed successive peaks matching the 1.618 line in the run up to ATH, but they have been left out to keep the chart clean. This would suggest the next peak to top at the 1.618 line shown in the chart.
Where these two established points converge then, gives a prediction of $0.00048 at 04:00 GMT on Nov 3rd.
The next again peak is estimated to be reached at 09:00 on Nov 7th at either the 2.618, 3.618 or 4.236 Fib line.
To adjust the prediction now, I would say that the dashed lines might represent peaks in value, and the solid lines bottoms.