$200 to $3700 is $3500 increase. If we do a fib retrace of 78.6%, working the math we end up with that $3500 representing 12.4% of the overall expected gain before it corrects. That gives 3500/0.124 => $16300 gain.
$16,300 + starting point of $200 = $16,500
$16,300 + starting point of $200 = $16,500
What's your new top?
Still waiting to see whether this is a real breakout, or just another Tether Fuelled pump. The shape of the chart is weird.
Doeasn't seem clear at the moment what is going to happen, you can be sure I'll be in with an update once I have another crazy idea
