BTC/USD Monthly/30 min intervals w/ comp. fib to establish R/S

The first chart of Bitcoin I posted was was an overall look at the speculation bubble that BTC was and still is today. For FY 2018, BTC/USD is on a downtrend. As Indicated in my handle, I'm a fan of the Fibonacci number sequences in general; however, I formulated my own "compacted" version of the sequence using units of measurement of "100.00" rather than the tool provided by Trading View. In as much as objective observation goes into understanding my compacted fib levels, I provided not only the lines of support and resistance calculated using this system, but the ascending and descending fib levels of 0,1,1,2,3,5 with directional arrows such that any outside observer could understand the methodology used. The horizontal lines established using this system highlight various ranges of BTC/USD valuations within the monthly chart provided with 30 minute increments. Of interest, in the time frame study, range # 3 in both the ascending and descending lines are quite telling as well as range # 5 in the descending. A more detailed analysis can be conveyed onto the the graph given; however, it's theoretical purpose is to establish ranges of predictable price actions and highlight their general direction over shorter time periods rather than a full year.