Over the next few days or even week will confirm if the wxy is valid or invalid. We'll see.
It looks like a zigzag down to the 17 area. I'll watch its reaction at that area.
BTCUSD is currently completing its wave 4. It looks like a flat pattern so it still can go down to 42k - 43k before reach the 58k (of which is 1.618 multiple of wave 1)
Watch out for inside day on qtumusd to anticipate big moves. Breakout in volume (+ the candle) also adds to the conviction.
If BTC forms a triangle pattern, there is a possibility it will back to this gap Only a few hours left, I suppose before it finishes this triangle
Potential triangle pattern if it won't go down the CME gap.
I guess it will try to break the upper triangle trendline. If not broken, it will try to test the support the other day at 31k. If 31k can't hold, then it will go down further to CME gap at 23k of which many buyers are waiting.
CME Gap - Head and Shoulders - BTC going to 18k ?
BTCUSD - January 10, 2020 - Update to the Corrective Waves
BTCUSDT - Target Wave C at 78.6% Fib
Kennedy Channeling Technique - BTCUSD
BTCUSD - Amazing Wave 4 Ends in 38.2 Fibonacci