djays1.618

Just got tired after connecting too many fib lines so I'm publis

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BITFINEX:BTCUSD   Bitcoin
Simply, the chart shows those supports, maybe too greedy, to see it dropping that quick, but previous charts did show a switch around begining mid July. If that does occur acording to the fib (aligned with last *hump* previous zones of support and resistance), there is an overlap the bottom / and zone 5500.
Previous assumptions is -negative trend would be at *auto* degree -9. The further development of that angle==never quite worked out. yet// I like the second peak at the 2017 top, from its bottom *20% drop, in reverse and spaced out as a nice fractal forward. The zones in the chart are key. check my other charts and see if something else works to explain. chao.
Komen:
Drop zones
:
5500 mid and *4000 safe reversal
Komen:
The other way this could pan out is with a 9 degree. from here to the .5 and then a steady gain up.
Penafian

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