So, we see a drop to Fib 0.786, but if you look at the entire history of the Bitcoin price movement, you can see larger plums:
in 2011, the price rolled back to -94% (from $ 35 to $ 2),
also this year there is a drain to -83% (from $ 12 to $ 2),
then draining in 2013 to -82% (from $ 259 to $ 45),
then there was a drop in 2015 to -86% (from $ 1140 to $ 150),
The market went according to our yesterday's growth scenario. At the moment, we managed to gain a foothold above the extreme resistance, now we are watching the price, waiting for the appropriate levels to open the short.
In small timeframes, you can determine the local levels of resistance and support from which the price will determine its further direction. Now we can stay for some time inside the triangle, the breakdown of its upper edge will give a push to move higher, the lower one will indicate the priority of further reduction to the recent minimum.