@CryptoEngineering, My observations. Connect the two highs to the low of August 2015. Scroll to the left and you will see that the fib extension touches the BTC low of $2.26 then compare where we are now the blue zone to the lows of 2015 (uncanny resemblance). I believe this to be the consolidation/accumulation phase the bands will be tested and then a continued sideway with a potential low of $2800. Late Summer to early Autumn will be decisive.