It looks like DJI did some kind of H&S pattern, which is a very strong sign of a reversal. Correction would be very healthy at the moment and also excpected due to FED rates hike and some possible instabilities in the world. I expect the fall on at least 30k soon. If anything unpredictable should happen in the world, it could easily fell further to 21k (trend...
A short rebound is possible from 34k area back to 35.5k, but then I expect a huge drop down to the trend line (21k), which could go all to way to the March spike at 18.37k. Then, slowly recovery is expected.
From the current price area I assume, that BTC will rebound to the intersection of two of the trend lines and one s&r line sitting at around 39600. After that, a dump is expected to 30K. Both of the above mentioned movements will be timed with the movement of the DJI, which will in my opinion dump heavily as well. The drop is long overdue.
After hitting the 30k...
Bitcoin is in a bearish channel, which is a part of a bigger structure of a Symmetrical bullish triangle. There is a strong support around 38k area, from where we should bounce as shown on the chart. After breakout from triangle and retest we go upwards to 6 digits number.
