Notice the price action near the green & red lines. Look below the green line (23.61% Fibonacci), there are 2 grey lines and then the orange & the same thing when looking above the red line (76.39% Fibonacci). History shows us that we rarely go above or below the red/green line, and if we look to the right, it looks like it's trying to break below. When price action bounces off one of these logarithmic fib levels. That should be a very good sign that things are turning around. But you also gotta remember that anything is possible. With $BTC at the KEY LEVEL, fighting to stay above the green 23.61% Fib... The FOMC meeting could send us the right to the bottom of the channel. Coming down to that orange bottom fib would be around $18,000 - $20,000 depending on how long it takes to get down to that level.