it may be making H & S pattern If it move above 19.6k then this pattern will be invalid and if dump from here then Target mention 15.4k. this condition usually indecisive which certainly happened on right shoulder complete. let see.
More important 10.5k support if break then target is way below. it could happened near US Election. let see. DYOR.
If we crossed 12k then be ready for BTC parabolic move of Elliot wave 3 target at least 30K. Booom.
as chart is on weekly basis so it will take weeks to complete first head then right shoulder so after that big dump can happed. IMO it will break down in month of December. it looks major bearish market is waiting.
But MKT did not break 20 weekly EMA then damm bullish. but I am more lenient towards bearish. DYOR and click like button.
It is really bearish set up. as one cycle is complete. now bearish cycle start. It will complete. although it will take long time to complete. it is better DYOR. if u find any idea or help. Push like button Thanks.