Fibonacci analysis of BTC
BTC tends to work well with Fibonacci. I applied a Fibonacci retracement to BTC's $1600 support and tried to make it fit into the latest price spike and drops. I also applied Fibonacci Time Zones to the strongest dips. Not very conclusive but this last dip shows ahead of time, perhaps still more to deep? Besides the big dip seems to have gone back to the $5200 support. All in all not a very conclusive chart, any thoughts?
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