Bitcoin's Golden Retracement

This chart shows a short term price target for Bitcoin over the next two days. In one of my previous articles I showed where BTC was going to bottom out using technical analysis and Fibonacci Retracement along with some other trading tools. You can see the article here: https://steemit.com/bitcoin/@hotsauceislethal/three-month-technical-analysis-graph-of-bitcoin-7-16-2017

Bitcoin did exactly what I predicted it was going to do! It found a perfect GOLDEN RETRACEMENT from the high of 3000 back down to 1800's. I said it was going to find its support in that range and that's precisely what happened.

Here in today's chart analysis I break down the past two weeks of Bitcoin's movement from a high ~$2600 down to its low of ~$1830 (I know it went much lower than that but we are approximating). According to Fibonacci Retracement theories we should see a price rise up to about the 2200 zone + or - with a high range of $2350 and a low of $2125. From here I would expect another retracement (fall) back to the 2000 ranges unless we have some serious investors step into the playing field. I read an article yesterday (on ICOalert app) that Coinbase approved over 1 million new accounts recently so there will definitely be a flood of new money. The question is will this flood of fresh investors be enough to hold off the recent bear trends? I think we will see a test of that new resistance zone around $2200 (light blue line) and if we can break past that we could even see a bull trend back up to $2600 by the end of the week.

TLDR version:
BTC should go up over the next 48 hours or so and if we see any resistance its going to be around $2200 and support should hold in the 1800-2000 range :-D

Price target by tomorrow:
$2350 per BTC

*As always never invest more than you are willing to lose and always do your own research before making any investments