2011 Cycle may be steering the boat all along $BTC

The Fibonacci extension targets were created from the 2011 retracement. It seems that the X.618 levels act as the mid cycle resistance, with a wick above but a candle body close below. As soon as they are cleared the next level to mark the cycle top is the X.236 levels with a wick above and a candle body close below. This pattern repeats with the 2013 cycle as well as the 2017 cycle. It looks to be repeating again this cycle.