This is an abnormal increase in the price, and the typical pampas, followed always by a big dump ...
no, this is 100% normal rebound, low rsi, orders to-lower manip., fud in thread, bid dump etc.
this big dump was abnormal imo - lack of solid bulltrap. typical dump of this fucking group p n d imho.
Could you explain what the Fibonacci chart tells you?
Fibo tells the likely price to reach in rebound when you have bottom and peak.
Price usually reach one of this level (38.2, 50, 61.8 the most).
fibo also can be used to calclate level price not only in rebound after drop, but in uptrend too.
fibo can be even good to calculate time at chart (!).
use google to learn how to use this and more:P
Fibo = World. Fibo = God. All nature = Fibo.
huh wtf?! You don't know awesome PI movie ? :-P
but btw. we didn't reach exactly fibo level (but almost 8865 as 38.2 fibo)
