Black lines are long term trend lines which i hope market reacts
IF no break down the trendline then the direction up it seems
Tried to find the most aligned fibo channels against price movement and here is the options worth to try with proper stop losses. Not an investment advice.
Expecting price to lower until midline of the parallel downtrend channel and see the price how react around midline . No trade recommendation.
we may be in downtrend until blue uptrend and if price break out blue trend then second and third red arrow down trends may trigger until the bottom of fibo channel. there may be possible uptrend turns on the road indicated with green arrows. please not a trade advice, just a predictive analysis i would open short and longs with proper stop losses.
Not an investment recommendation, just experimental. I`ll search entry point in Q4 2019 in case BTC wont fall inside 1.618 fibo channel