BTC is basically pump and dump penny stock, it's not hedge of inflation or anything. Just play the momentum and don't get married to it.
FibFun
This is what I found in most bullish and bearish retracements , once you get 100% retracement of up or down move then next level is normally 1.618. If it retrace up to 50% after 100% then it's even more bullish, if it goes under 50% after 100% then it's super bearish. Have fun finding 50-100% fib retracements.