I've been watching this bearish M-Pattern for some time, and I still believe this is a multi-month playout towards a new ATH:
This lines up with my initial correction target using Elliot Wave Theory:
We see a very clear Double Top play out in the Total Chart, also indicating that it's time for a correction:
HOWEVER - I expect the bulls to be ready and sweep in lower prices when the right support zone is reach (whale zone), which seems likely to be in the 40k zone. It won't be a straight line down - again, a multi-month playout is likely.
_______________________________
TOTAL 
BTCUSDT
This lines up with my initial correction target using Elliot Wave Theory:
We see a very clear Double Top play out in the Total Chart, also indicating that it's time for a correction:
HOWEVER - I expect the bulls to be ready and sweep in lower prices when the right support zone is reach (whale zone), which seems likely to be in the 40k zone. It won't be a straight line down - again, a multi-month playout is likely.
_______________________________
TOTAL BTCUSDT 
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Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.