Quote from: itod on October 26, 2017, 09:37:01 PM

Quote from: chessnut on September 18, 2017, 02:16:41 AM

Whichever way you look at it, this abc seems like it will correct at least 62% upwards.

Amazing how accurate this prediction was.
62% on 3794 US$ (from the chart) is 6146 US$, almost exactly where the price went.

Well, he meant 62% of the drop from 5k, like a B wave before dropping in a C. It was more of an "if the correction is not complete, we'll see 62% retrace, but if it is complete, it'll go higher than that." so that's where the "at least 62%" comes from. Not 37xx + 62% of 37xx. Still, weird how fibo levels work like that though. People's brains have a funny way of determining when price moves too far too fast and decide to wait on that next purchase/sell.