BTC long followed by inter month short targets

So far this correction is pretty much a copy and paste of what happened in 2014 in regards to fib retracement levels. The wedges and resistance lines in this down trend have been very consistent and vivid. Assuming it will follow a similar pattern, we could see a push to around $16k followed to by a bleed out down to the lower support line of $4,500 before recovering again.