Okay this is what I got for now. As from my chart analysis, I see that Bitcoin has been making 45-50% drops after every local top, 20k included.
From our recent local top, approx 10k, we are hovering at 6600-6700 at this moment. If we were to predict more blood here, the 45% drop avg. would bring us to 5500-5600ish which lines up with another historic support...
Posted most of my notes in chart.
-Stoch reaching critical point
-H&S almost complete
-Big gap between 7100-7800, little support there.
Major Support is 7850-7900, this level needs to hold. Has been tested a few times already.
Very simple but very powerful.. Stoch completely oversold and trending down. Look at my chart comparisons.
Original Short Entry 8300.
Closed 1/3 at 7750-7800.
Looking for more downside in the next days.