Fib speed resistance fans match up fantastically with BTC price.

BTC has been finding support on the .25 fib speed resistance fan line for about four days now. I believe that, if BTC gets rejected from this support, it will make its way up to the .382 from the bear market fan where it will likely be rejected back down to the .25 once again, possibly forming an ascending triangle which should breakout to the .25 from the bear market fan where it will be rejected down to the .25 current bull market fan possibly forming another ascending triangle that should breakout to .382 current bull market fan putting the price somewhere around 16k.

This is not financial advice. It is only my own thoughts and opinions based on my own technical analysis. This is an extremely volatile and risky market. Always do your own due diligence, always follow sound risk management practices, and NEVER risk more than you can afford to lose.

註釋

This idea has been partially negated. Price has capitulated from the .25 fib fan line. $7500 should offer some support, but most likely target is $7100-$7200. If this level doesn't hold we will be looking at somewhere between $5800-$6500 as potential bottom before possibly setting a new lower low if that level fails to hold.

註釋

Idea is still valid. Daily closes above the .25 and is Making higher highs.