The lines 'AB' and 'CD' are known as the legs while 'BC' is called the correction or retracement.
As you can see , If you use the Fibonacci retracement tool on leg 'AB', the retracement 'BC' reaches until the Fib 0.618 level. Next, the line 'CD' is at the 1.272 Fibonacci extension of 'BC'.
You're lines doesn't touch all the price points of BTC, so you might see something that doesn't really exist.
UnknownUnicorn1627753
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@silmaril0875, tha's true. Some people do not want to realize that the dream is over. BTC is going to be dropping in price for a long time
silmaril0875
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@JuanMartinez, I think you wrong. I think the price got inflated with the latest rush in of people over December, but we'll be back to 20K at the end of Feb.