BTCUSD-- "THE" fibonacci retracement

Let me know your thoughts about this simple analysis of BTCUSD, where i use fibonacci retracement and a support/resistance area on the 1M timeframe. I am hoping for some critical feedback and am excited to see what you think about somebody using this a base line to go forward on smaller timeframes. Whats missing? What else do you think needs to be charted here? Happy trading, and good luck!
BTCUSDChart PatternscryptoCryptocurrencydaytradingDXYTechnical Indicatorsmetatrader4Trend Analysis

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