Bitcoin Fib Target is Lower...Flip zone ahead.

I have had this Fib on Bitcoin ever since we failed to create a higher low at 10580, with price creating a double top at around 13210. The move from there, down to 9080 seems to be the beginning of a downtrend, which requires multiple waves.

The first target would be 8079, which also coincides with a flip zone (zone where price has been both support and resistance).

There is another important zone approaching at the 9000 zone.

The safe way to trade this would be to await the confirmation of a lower high which requires a lower low. This means our lower high would be 11200 (at the 50 fib) and the lower low would require a break and close below 9065.

Will post a bit later on the REAL chart you need to be watching for Bitcoin to spike (Hint: it has to do with China).