Bitcoin perfectly follows Fibonacci. Building horizontal line?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is perfectly following the Fibonacci sequence. I see patterns which looks like the chart is building an horizontal line now? Will this be a steady point?
Fluctuations will continue between 8700 and 10700. Every time when the resistances get broken, there is a change the price will go more long above 10700 or more short below 8700, and following fibonacci sequence prices will be touched. Interesting! I am very curious what will happen coming months/years.

Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin , Bitcoin Cash and Ethernum!


My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the sto