BTC Bottom coming in a few weeks ? Potential Disjointed Channel.

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Intro - Potential Disjointed Channel formation

I have been doing some analysis on the weekly/daily time frames - before this current dump. I was playing around with tools I wasn't really familiar with and one happened to be the Disjointed Channel tool. I drew it up on the top resistance levels on BTC and was amazed that it almost perfectly lined up with the resistance 4-25th Jan 2021 and the support level at the 17th May - 19th of July 2021. The price at current time of writing is getting very close to resistance line.

200 EMA

• Note that the 200 EMA on the weekly has been previously a good indicator of detecting the bottom.
  
  
• The worst of the 2018-2019 Bear Market was under the 200 EMA from the 19th of November 2018 - 1 April 2019 , The most the price travelled underneath the 200 EMA was approx 25%.
  
  
• The next occasion was the COVID crash of the 9th-23rd of March which wicked down by a whooping approx 33%
  

Next thing to note is the horizontal resistance levels

I switched to the Daily to do this more effectively.

• Starting 17th Dec 2020, on going for 7 day was struggling to close over $23,800 , I see that as a support level that at the time of writing BTC is currently testing.
  
  
• The next level starting the 24th November 2020, the price struggled to close above the $19,400 mark for 22 days
  
  
• I would then place a support level at $17,000, $14,300 an extremely strong support at $12,000 and $10,000. I feel like mentioning these is not the most import to this analysis, but with WWIII and a recession looming, who knows?
  

Now to where It all comes together, with a target of between the two support levels of $23,800 and $19,400. That would put as at the max of 26% underneath the 200 EMA which is close to the Bear Market of 2018-2019 figure and in right in zone to use the bottom of the Disjointed channel as support.

To go to 17k, that would take it to 35% which is similar to the COVID crash, but assuming the trend line holds that wont happen till December 2022, disregarding candles whicking out.