So, how do you do a three point projection in log? When I measure the leading diagonal that topped in 2016, and move the tool to the 1-2, the 2.0 is in the wrong spot. It appears to be linear. BTC should have topped just above the 2.0 but it's at the 4.236. Appears to be linear to me.
I tried to reproduce what you've done in MotiveWave and the projections are the same. I think you didn't draw the 100% level at the same place or price and so you got a different result. BTW I used Bitfinex data here.
Hmmm...I'm either missing something, or it isn't replicating what I'm doing. What's critcal is measuring the 2015 low (0% there) and put the 100% on the Jun 2016 high, then move 0% to the August 2016 low. Basically I'm 'fibbing' the 1-2 setup then projecting. When I do that I do not get this result. I can't tell where your 0 is or what you are measuring.
Yes that's weird and poor that prices in the tool are still linear. I switched off the prices in the tool an always look at the price axis.
So, how do you do a three point projection in log? When I measure the leading diagonal that topped in 2016, and move the tool to the 1-2, the 2.0 is in the wrong spot. It appears to be linear. BTC should have topped just above the 2.0 but it's at the 4.236. Appears to be linear to me.
Here it is in Motive, which I know is accurate as I double checked with a spreadsheet before buying it.
It comes in a little closer than the normal fib tool, but the extensions are still not right.
I tried to reproduce what you've done in MotiveWave and the projections are the same. I think you didn't draw the 100% level at the same place or price and so you got a different result. BTW I used Bitfinex data here.
Hmmm...I'm either missing something, or it isn't replicating what I'm doing. What's critcal is measuring the 2015 low (0% there) and put the 100% on the Jun 2016 high, then move 0% to the August 2016 low. Basically I'm 'fibbing' the 1-2 setup then projecting. When I do that I do not get this result. I can't tell where your 0 is or what you are measuring.
Here's the closeup with text.