The .618 also lines up perfectly with the .786 of the waves 2-4 fib extension.
The extension of .786 also lines up perfectly with the 2.414 fib extension of the A-B move of this entire .
My impression is that we have another full set of waves down. (5 waves) and after that, we can reassess to see if this is has potential to become again or continue its decline to a lower low.
This also goes well with my EOS/BTC update which looks VERY similar! Make sure to check it out HERE:
Hopefully this helps!