BTC loves the 0.786 retracement level...

In my chart I have drawn all the major impulse and correction cycles:

1. Starting July 7 2017 to $20k -> Retraced to 0.786 Fib ($6000)
2. Starting at $6000 to $11.5k -> Retraced to 0.786 Fib ($7200)
3. Starting at $7200 to $9150 -> Retrace to 0.786 Fib = $7700 ??