Possible Stages of BTC top.
The big W spike could have been an important top for BTC.
In times we have topping patterns we usually see the retracement levels hold 76/86 and then reject.
When this happens we often seen wave 1 of the reversal in the obvious break.
Wave 2 is the "Return to normal" bull trap (76 correction).
When these are in place and waves 3 and 5 come, these tend to extend 2.61 of wave 2.
Forecast for wave 5 low would be around 75K.
In times we have topping patterns we usually see the retracement levels hold 76/86 and then reject.
When this happens we often seen wave 1 of the reversal in the obvious break.
Wave 2 is the "Return to normal" bull trap (76 correction).
When these are in place and waves 3 and 5 come, these tend to extend 2.61 of wave 2.
Forecast for wave 5 low would be around 75K.
Trade active
Which usually produces a head and shoulders too.
All the classics in place. Just waiting to see if they play out or not.
Trade closed: target reached
Asked a few times for updates.
I'd still consider this is the pending decision level with this being a possible 76 retracement.
Note
Scaled up to full size positions into the retracement levels. Target 70K.
Note
I've turned my notification off here. Sorry to anyone with useful/legit comments. I'll update my ideas when big levels hit. Note
This move has now fully complete and the implied ABC bounce has been made and looks like it's about to be rejected. 
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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.