triangle , the fifth wave appeared. move up today ,just because of money flow that comes from BTCUSD ( crypto currency).
be careful, the big support is 63K. the price can't break resistance Line .
BTCUSD move to higher channel. look at resistance line. this downtrend caused by DJI , S&P500 , OIL , XAU . they are at downtrend.
just a bad big news can break the top resistance Line.
BTC pattern . after ATH correct to 0.618. Fibo always work. but i am not sure the 63k price is an ATH.
why we still at 58K. the yellow line is the line between wave ( 2 ) and ( 4 ). and second line is between ( 0 ) and ( 2 ).
at end of decision,forget 58K and move to moon or dump again. may be is flag.
another 2 scenario for BTC . we should wait for buying. i was sold all my alt coin at 58k and told my friend to do that. i give long signal from 43k to 52 ( because of Fib Retracement 0.618 ) to my friends i don't have time share that idea in trading view. i just hold a few XRP .
BTC/USDT DOWN TREND. look at fib 0.618. but wait for break the white line trend to say 99% we come down down down. the price between 40 to 45 doesn't have good resistance .
blue path is waterfall pattern , red path is zigzag pattern.
still UPWARD in long term , but be aware for drop down little.
BTC could not break the white trend line. now we are in range .
at this day the trend reverse. proof : if we see Higher high and higher low after the Yellow line.
Waves and fibo shows us . may be see price at 58k and for long term see 80k. if you want to invest : at first dividen your budget. place order at price : 29.8k , 28.8k , 27.8k , 26.8k .