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Fibonacci Waves

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Ethereum Classic (KRAKEN:ETCUSD)  
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KRAKEN:ETCUSD   Ethereum Classic
Trend Analysis Harmonic Patterns Chart Patterns Fibonacci Circles Fibonacci Spirals Fibonacci Confluence Fibonacci Retracement ethereumclassic ETCUSD etc etcbtc
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trendanalysis harmonicpatterns chartpattern fibonaccicircles fibonaccispirals fibonacciconfluence fibonacciretracement ethereumclassic etcusd etc etcbtc
An idea regarding Fibonacci
I believe the price within the arcs of the fibonacci circle move in waves
With 1.618 being a bearish wave in this case, with a bullish transition to another ring.
There seems to be a clear relationship between 1.618 and .618 its probably simple for someone more knowledgeable in this field which I am still learning.
Explains on chart.

If anyone knows more about this comment please.
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