BTC - 12hr UPDATE trading with fib circles

Take a look at how the yellow fibs are plaything out. Still not invalidated. Ive added the blue rings from another chart i have been watching. We are approaching an important point. Also check out the 12hr RSI, its decision making time. Too many things are lining up for me to think more downside is incoming. The good news is we will have a brief rally after crossing the blue ring.