double falling wedge indicating that it is ready to fly.
Looking at the lasrge H&S, we can see that there will be a big bear run in the coming weeks... also if you look at the fib levels, all levels are becoming a very strong resistance indicating that we could go 6k back or more. and i believe that 1 last crash will make BTC healthy in the long run
if you think we are on a bull run, you might be in for a trap.
As you can see in the charts, we got a tripple top, showing a strong resistance causing a bear run. And prices could go much lower if major support at 6k is broken.. if 6k is broken, we are going back to 4k then 2k.
So far, the Elliott waves are correct and the trend is really going down since it didn't break the 11.7k hard resistance.
also the start of the last wave of the elliot wave from all time high. this could be the last dip we see this year. after this last dip, we will be breaking new highs.
if you look at the charts, wave D just finished. now for wave E
if you look at the last 3 dips, you will see that the charts are right. RSI, MACD and STOCH RSI are now going down on the 1-day charts. The lowest we could go is 3k. but i do believe that the 6.3k strong support won't be broken.
Stoch RSI is saying that we are going down in the next few days.
i think this chart shows what will happen in the near future.