I was in doubt till February 2020 when bitcoin was trading above $7300 and touched $10500 for the 3d time, after when BTC dropped below $7300 I was sure that it will touch near $5500 (200 Weekly Moving Average) and next it went down from that level as well and touched 3850 and on some exchanges it touched $3770 as well.
Now based on my analysis and market scenario I can say the drop from $19667 to $3156 was wave A of correction and that Wave B from $3156 to $13970 we have seen a very fast recovery from $3156 to $13970 (Usually Wave B shows this kind of Fast Recovery).
And Now BTC is in Wave C where Bitcoin is ready to make a fresh low in next couple of months. As per my research Wave C usually Comes near to BTC halving you can see chart (1st halving - 2012, 2nd Halving 2016, 3rd Halving May 2020). Wave C always make a fresh low (it can go down by $1-$2 from its previous low $3156 , but it will make a fresh low).
At present I am waiting for the right levels somewhere around $7935 to take a short position in BTC and will hold it below previous low $3156.
As per my expectation recently Monthly 100 Moving Average is also started which is near $2750 in coming months we can we it around $2900 - $3000 level, market may test that level and try to consolidate near that.
what comes to my mind now is that if we'll have another lower bottom we will brake downwards from big triangle starting in 2017... if it happens we should go much lower based on TA (curious if it aplies to such long forming formations) But my own analysis based on weekly Ma crosses study says we will see 2800$ bottom which is congruent with your chart. We are also heading to 3 day death cross which always in the history meant final leg down and big dump (see the september of 2019 for example). This year is really interesting for us and think might be even more interesting in the next months.
DataFollower
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Love those big time frame, big perspective charts. Nice observations!
Protixder
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Protixder
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sasquatron
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Excellent chart
transparent-fx
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here is what I have on btcusd from a MTA standpoint