Every human being who has gone to school read The Elements of Euclidean geometry hidden behind their textbooks.
1.6180339 ..... in short, this is Phi, the golden ratio ....
This issue has been present throughout history in nature (leaves, shells of molluscs, snowflakes, thick wood, etc), art, architecture ... and also attest that "sometimes "It is also contained in market trends. Even very accurately in certain movements, applying both Fibonacci retracement and projection. The ratio of two consecutive Fibonacci numbers series that tends to PHI? Right. "I think" that a correction or impulse is upward or downward tends to Phi or too little to go by testing several area% having to do with Phi.
For that I put a chart of the EUR / USD weekly scale, where I knew no act entering Wave IV, seeing in person. Anyone can verify the accuracy of the%. For you to understand me, I measure and apply Wave I and I project that measured from IV using Elliot theory to find the target of Wave V. (period 07/2012-01/2013).
Another view in Cryptocoins is Doge where I think its downtrend may be a symptom of the end. Wave 5 = wave 1 right now. Can it fall more? yes. The stop 52 is very clear. Lose the level 32 would have to look in my opinion Wave 5 = 1.618% of wave 1. Don`t lose these levels, the price should aim to 61.8% of the fall, in this case 202. The "f" marked figure, in my opinion, are manipulations, distortions or failures to which "I decide" to ignore.
As a final assessment I mention what this mystical symbol means and "see" reflected in a cryptocoin. I don`t know much about mining, or algorithms. I know there is a near halving and that is usually good (missing 5,000 blocks). I know this is a sooo low emission (570,000 coins) and most other currencies with more emission trading at prices very good.