If you see there is 3 options that I see BTC heading. The first shows that the support line continues to hold and btc will consolidate and explode to the upside. This seems like there is a 45% of happening due to that line already acted as a support and it seems to be following this more than fib as of right now. In addition, the waves look intact and this seems to be caused by rumors of exchanges getting hacked more than anything. 2. You see btc fall to around 8300 and start to rebound from here. The price increase wont be as strong as quickly as the first option due to lack of confidence we will have towards the market and it will take time for new investors. to put money in. The rsi and dpo dont look they are rebounding so soon, so there is a 35% this happens. Finally the last and worst case is btc falling all the way to long term fib and holding a support there. If this occurs you will see some side ways price action until confidence is gained and then start to see some upside movement. There is a 20% of this happening.
Comment:
Seems like it is taking shape to the second idea that fib line acted as a resistance twice.