Update Idea We are in wave (c) supercycle
Today we witnessed an epic downfall.
Black Friday, the 13th, discounts up to 63 percent
BTC has broken the long-term trend line and WMA 200. We have to be careful where the weekly candle closes.
Chart is in balance, I therefore expect a strong retracement (wave II).
Wave I could be completed
Wave II (7200 USD) can test 0.618 fibonacci retracement from 10500 USD, there is a WMA 100, WMA 77, monthly resistance, weekly resistance
Wave III (2500 USD) weekly support
Wave IV (3800 USD) can test Wave I
Wave V (1650 USD) can close the GAP 1350 - 1830 USD