1) Grey Fibonacci low to high of the last bull run on the daily chart ($5,500 to $20,000)
2) Teal Fibonacci high to low of the last down trend on the 4h chart ($20,000 to $12,700)
- $14,411 is commun to both Fibs (strong support)
- $17,168 is the 0.618 retracement of the Teal Fib and has been acting as a resistance twice already. Breaking this resistance will take BTC to $18,380. If price is rejected, we could go down to $16,316 and $15,465.
2) Teal Fibonacci high to low of the last down trend on the 4h chart ($20,000 to $12,700)
- $14,411 is commun to both Fibs (strong support)
- $17,168 is the 0.618 retracement of the Teal Fib and has been acting as a resistance twice already. Breaking this resistance will take BTC to $18,380. If price is rejected, we could go down to $16,316 and $15,465.