Fibonacci timeline idea for the BTCUSD chart.

I would like to share my idea about the future of BTCUSD prices - check out the chart.

What if we could forecast the next price reverse using the Fibonacci row.

1 bar = 4 hours.
The lenghts between the tops and the bottoms of the latest price movements returns us almost perfect fibo match:
13 + 22 -> 36
36 + 22 -> 59
36 + 59 -> 95
95 + 59 -> 154 / 4h = ca 27d

95'th bar falls on the 15th of January, so we could expect that current movement down will last for ca 3 more days and the price will get to $11500 - $12200 territory. If the price will reverse here, the next upward movement could last for ca 1 month and bring us to the new heights.

In my eyes, we have enough reasons to expect the next jump:

• A lot of newcomers are looking for the entry point and they will definitely support the upward movement.
• As we see on the chart, movements down are getting less and less sharp - buyers are getting more confident.
• Strong support zone is formed near $12000 - plenty players are waiting for the cheaper bitcoin - these who did not buy in previous spikes. I guess they will act very fast when see the prices of 11k
• Correction lasts since the 17th of December - 1 month. Isn't it enough? We have even seen $10000.

What do you think about that, folks? Please share your ideas.