1/ new channel forming where we see another test of the 0.5 fib before bouncing to 17k.
2/ same as 1 but we break down through fib support to $13,000 maybe lower.
3/ the 0.618 fib and bottom may work as an , in which case we could expect a fairly rapid push up from current levels to maybe $16,500.
See my latest 4 hour chart for crossover possibilities. Number 3 probably the most likely in my opinion.