BTC from 2011 slowly moving down the fib speed resistance line

BTC from November 21, 2011 is slowly falling the Fib Speed resistance Fan touching its resistances and support. I got 7290 previous low by a different way and computation getting the .618 from low to high. It is amazing to see that 7293 fell exactly on .382 of Fib Speed resistance fan. Will it reach 4.814.71. which is the lowest support? Follow to see what happens next by refreshing the chart later, I'll check different ways to see where BTC is moving

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it just broke the speedline and current pricer is the horizontal support of 7500. BTC will continue to go down and test the next speed line

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this line is so active even if from 2011. play it and see where the price is now. on the second line support. There is one last line left. I hope it holds or if not another method needs to be applied to see further fall

Yorum:

if you are following this long term chart, you can see how BTC had respected the resistance line. Will it retrace up to the support line again?

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It jsut retraced near the support. Will it continue and break that support or bounce back?

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PLAY AND ZOOM THIS. YOU'LL SEE THE RECENT HIGH HIT THE RESISTANCE LINE. THIS LONG TERM CHART SEEMS TO BE WORKING WELL FOR LONG TERM

Yorum:

the diagonal fib resistance line on this is just the same if you use the fib swing low to the recent swing high price. BTC can retrace up to .382 ($27,689) or oonce broken, can go in between 50% ( around $23,120). .618 is 18,571 and .718 is around 12,095 nut may not reach there since it broke $20,000

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On the other hand, will BTC go up in between 62 to 72 if it continued to go up?

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Let us see if it will respect 47.138