Hello,
This chart is only valid once the condition indicated is met. Which is breaking below 9200$ as indicated in the chart.
We have three possibilities one of which will work out (again once the condition is met)
The first possibility is finding support on the March 2017 uptrend line which is also the end of the cloud as well as a fib level.
The second possibility is the double bottom, basically touching 6k which was the lowest price reached since the exponential growth to 20k.
The third possibility is the descending broadening wedge coming into play, which will place us at a low of around 3.8 to 4k. This is a previous support/resistance region. This will be a completely healthy correction for the market and will reset the overbought monthly RSI.
~DCFreak