$BTC / $USD Waiting for Another Impulse Down before Going Long

Playing around with fib circles and Fib time, but I'm not the biggest fan of them. They are cool I guess. Anyways, I haven't taken a long position in btc yet. I am honestly waiting for another impulse down into the purple support area between $9,130 to $9,650 with bullish divergence or convergence. Break below the purple support and that would be no good for the bulls. I still have a descending triangle plotted as that is what it looks like as of now. A measured move of the descending triangle over time could take us to between $5,400 to $6,000 support. Not saying this will be the case, but it is a possibility and remains an idea for now as I had posted a little while ago for the daily time frame.