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BTC Fib Channel 1.618 Extension Bounce and Target

You can see how price follows these fibs like a magnet. If we extrapolate from previous reactions at these fib levels we get a next possible top around 55-57k.
Uwaga
up to 60k rather
Uwaga
50-52k will be tough to break
Uwaga
Could see a repeat of June 21 to July 21 and retest ~41k in a month. In which case I would say watch out for 45-47k
Uwaga
But that may nullify my 57k target. So maybe more like a couple of weeks to test ~41k.
Uwaga
snapshot Bottom vwap bounced. Watching top vwap
Uwaga
snapshot 69 bars on the 3 day...
Uwaga
snapshot
Uwaga
snapshot Adjusted the target to better match its counterpart

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