Explanation How I Determine FIB Extension in 3-Day Time Frame.

It's important to remember I ALWAYS use the 3-Day Time Frame to determine my FIB Extension Price Range. You will also see an explanation of HOW we determine if we may extend HIGHER than the 1.618 FIB Extension using Phoenix 1.119.

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NOTE: I place two (2) FIB's on my charts to get a "Price RANGE Target" for my 1.618 FIB Extension to the next high after a consolidation event for BTCUSD. Note this example here in 2015. More examples will follow...
IMPORTANT NOTE in regard to my UNORTHODOX method of determining the 1.618 FIB extension for BTCUSD: I do NOT have my 1.0 (100%) coordinate on the current high to determine the 1.618 FIB Extension. I place my 0.618 (61.8%) FIB on the current high to determine the next 1.618 FIB Extension. I'm following up with another example shortly.

In June, 2017, our price movement was transitioning into a "PARABOLIC" cycle during the mid to later stages of Phase E in a Wyckoff Accumulation Schematic. It's COMMON during the mid to later stages of Phase E in a Wyckoff Accumulation Schematic for the price movement to go "parabolic" in our run up to our "Buying Climax" before falling into a long term Distribution. This is WHY you see our price movement to the next high went to the 2.618 FIB Extension instead of consolidating at the 1,618 FIB Extension.

Here's another example in our run-up to our high in September, 2017 when determining the 1.618 FIB Extension by placing the 0.618 at the previous high instead of placing the 1.0 at the previous high to determine the 1.618 FIB Extension.

Here is our November 2017 1.618 FIB Extension. AGAIN, we placed the 0.618 (618.8%) on our high instead of the 1.0 (100%) to get our 1.618 FIB Extension.

Here is our December, 2017 BTCUSD All Time High to our Buying Climax on Bitstamp. Don't forget that I AM "NOT" using my 1.0 (100%) as my high coordinate to determine the next high on FIB Extensions. I'm placing my 0,618 at my high to determine my target on FIB Extensions for BTCUSD.

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Here is a FIB Formula to determine a LOCAL FIB Extension High to the 1.618 FIB Extension using the Daily. What I've shown previously is to determine a price range target for mid to long term time frames. This particular formula is for near to short term time frame using the Daily.

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If you click "PLAY" in this publication, you will understand WHY I had a target of that next 0.5 FIB around $9,230 as my next target with the Green Line drawn to it.