Correlation between Fibonacci projections & events in BTC

Bitcoin (COINBASE:BTCUSD)

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COINBASE:BTCUSD Bitcoin

Trend Analysis

trendanalysis

Interesting to see how price stops at Fibonacci projections during these kind of events.

Note: Trade at your own risk, this is an especulation.

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Possibilities to go

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Fractal found

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Price can bounce from here to 6900

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1st bottom soon

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Price touched 1.618 extension of 2$ to 4800, Fann indicated is acting as support

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Next Fibonacci target is 8600

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