I have decided to put the data for XRB prior to the Binance listing into my chart, with accuracy to the date of specific peaks and bottoms. Using these 3 extra lines, we can see that the 17k Satoshi resistance line is just a continuation from the prior peaks. Using Fibonacci Retracements we can also see that the low of 6k Satoshi was a 0.786 support and likely concludes our Wave 2.
From here we can assume our Wave 3 has started with the run from 6k to 17k, creating our new 5 wave subdivision of the Macro Wave 3. This bottomed out around 11k satoshis for a 0.5 fib touch, concluding the Subdivision Wave 2 and starting the current wave 3.
From the beginning of Macro Wave 3, I have included 3 possible Fibonacci retracement price targets for the conclusion of the wave at 51k, 79k, and 124k Satoshi. I have also used Fibonacci Time Zones to attempt to find a general range of when each wave will conclude, or when important peaks will occur. The Fib Time Zones current mark April 5th-7th as the conclusion of Macro Wave 3.
After Macro Wave 3 is concluded we will enter Macro Wave 4, where we could see retracements of up to 24%, 38%, or 50% of the progress gained in the entirety of Macro Wave 3. However after that concludes, a Macro Wave 5 will occur where very large gains are possible. According to the Fib Time Zones, this final wave will not conclude until September of 2018 and the extent of it will be dependent upon the length of Macro Wave 3.
From here we can assume our Wave 3 has started with the run from 6k to 17k, creating our new 5 wave subdivision of the Macro Wave 3. This bottomed out around 11k satoshis for a 0.5 fib touch, concluding the Subdivision Wave 2 and starting the current wave 3.
From the beginning of Macro Wave 3, I have included 3 possible Fibonacci retracement price targets for the conclusion of the wave at 51k, 79k, and 124k Satoshi. I have also used Fibonacci Time Zones to attempt to find a general range of when each wave will conclude, or when important peaks will occur. The Fib Time Zones current mark April 5th-7th as the conclusion of Macro Wave 3.
After Macro Wave 3 is concluded we will enter Macro Wave 4, where we could see retracements of up to 24%, 38%, or 50% of the progress gained in the entirety of Macro Wave 3. However after that concludes, a Macro Wave 5 will occur where very large gains are possible. According to the Fib Time Zones, this final wave will not conclude until September of 2018 and the extent of it will be dependent upon the length of Macro Wave 3.