Here is the BTC roadmap with 3 possible scenarios. Kinda crowded chart but I'll try to explain it below:
1'st scenario (orange) => We go down from here filling the big volume profile gap (2'nd yellow arrow), leaving the 1'st for when we go up later. This is the least probable considering the trading volume & momentum we have right now.
2'nd scenario (red) => we...
Combining two Fibonacci's and noticing where the 2.618 circle intersects the 3.618 line is exactly the retracement spot. Also, as a confirmation, RSI shows us that is overbought. Just like MAGIC! ...who wants to short?