This is all based on 1 hour candles.
The fibonacci retracement is from the accelerated dump in October. On around the 15 of Oct there was a spike and the fib lines match up well using that. The 200 MA is crossing Up/Over the 314 MA on the 20th of December. When the 200 is over the 314 it's always a stronger position for BTC. Also as of the 17th of December the price of BTC is over both the 200 and 314, and that's usually "heading up" for BTC. Look at BTC over a years time or more and this will prove itself.
Don't believe anyone truly knows what BTC is gonna do (especially the doomers).
The fibonacci retracement is from the accelerated dump in October. On around the 15 of Oct there was a spike and the fib lines match up well using that. The 200 MA is crossing Up/Over the 314 MA on the 20th of December. When the 200 is over the 314 it's always a stronger position for BTC. Also as of the 17th of December the price of BTC is over both the 200 and 314, and that's usually "heading up" for BTC. Look at BTC over a years time or more and this will prove itself.
Don't believe anyone truly knows what BTC is gonna do (especially the doomers).