THE CHART ABOVE SHOWS BITCOIN IS LIKELY COMPLETED THE MINOR WAVE 1 OF INTERMEDIATE WAVE (3) OF PRIMARY WAVE 5, AS WE KNOW THE WAVE THREE IS THE STRONGEST WAVE AND ALWAYS THE EXTEND WAVE IN THE IMPLUSIVE ADVANCE , SO WE HAVE JUST FINSHED WAVE ONE OF THREE,
THE HEAD AND SHOULDERS REVERSAL PATTERN APPEARS AFTER LONG TERM UPTREND, THE COMPLETION OF THIS PATTERN SIGNLAS THE END OF UPTREND, MOREOVER, THE UPTREND LINE WAS DECISIVELY BROKEN
THE IMPLUSIVE DECLINE PAIRD WITH EXISITING OF HEAD AND SHOULDERS AND DECISIVE BREAK BELOW UPTRENDLINE, ALL OF THAT SUGGEST THE MAJOR TOP IS IN PLACE, AND BITCOIN IS HEADING LOWER TO HIT INITIAL DOWNSIDE TARGET AT $8100-$8900 RANGE, MAYBE THE DOWN TARGET EXTEND TO $7200
