Maximum target 3130. Afterwards a rapid wave 3 down to around 1500.
Nice internal Fibonacci relations.
If the price goes beyond 3136, then this count is wrong and the waves consist of fractal 1-2 subwaves of different hierarchical orders.
Anyway 3100 is a nice entry to short with limited risk and a stop at 3140.
The abcde triangle forming wave 4 is nearing its end. A last downmove (e) to 8000-8500 USD is probable. Afterwards the price will explode upwards and never see this area again.
Note the crossing of the three blue trendlines designing the bottom for c. Now the three red lines signal a bottom for e.
The end of wave e corresponds to a 62% retracement of the whole...
Expect a rapid drop of POG to around 860 USD. Of course, only few expect this at the present moment.
This drop would result in a 62% correction of the bullish move since 2001.
Note that a=c=1 and b=0,76 (price) and a+c=b (time).
The correction would lead the price in the area of the preceding 4 of one minor degree, according to the rules.
If the POG fails both trendlines it may fall very far. Note RSI division, inverted hammer forming and EW count (shown before: the b of a big abc correction since the ATH may just have ended with an impulsive minor c upwards)