BTC channels

Dropping channel of btc has a breakout just after ma50 has been passed and a new rising channel started to appear. Nowadays this rising channel high border seems to behave as a resistence level. The current also seems as step 5 of waves so i think the rise may end at about 4500-4600 levels. After than there may be another fall down which i guess will not normally reach a level below $3600 and bounce up again to a new resistence.