After the end of bull market BTC started its downtrend. Now its rejected from the resistance and made a lower high. Anticipating it to make lower lows.
BTC currently is at the resistance of a channel. Momentum is ticking up on a Daily timeframe where it is most likely break above the channel and will face the $47k rejection. Later retest the channel and then launching above the $50k.
BITCOIN 5th wave is due to the downside which will most likely end up between golden ratio - golden pocket ($37k - $39k) ranges. Weekly MACD also looking very bearish.
DYDX is about to complete its structure. Counted 3 degree waves. Only last degree 5th wave is pending. Once it completed, we'll get to see heavy retracement to the downside of 100%+ structure.
