The main correction options:

Schematically, the proposed version of the triangle is marked in red. If we pass 25203 (the levels may differ slightly on different exchanges), then the main scenario will be a flat correction in wave 2 and most likely we will test the important 30100 level.
 

The main option becomes black — there is a flat correction in wave 2 or (4).

Daily schedule

Passed the trend line (blue) tested from above, when the fall resumes, it will be an important support level. Movement is expected in the range marked in red (4 of the previous degree). Perhaps we will test 30102 .

Option black : Series 1-2 1-2 is more bearish . Red suggests a rapid fall and a fairly deep correction. However, in the near future there is practically no difference between them.

5-hour schedule

A more detailed schedule. Most likely we do i — ii in (v) . The alternative is that the whole (v) has already ended, it's too early to talk about it.

MA200 (blue) MA100 (red) MA50 (black).

Weekly schedule

Testing the MA200. As you can see , this is an important long - term level . For the first time in years, they broke through and gained a foothold below (this did not happen in 2020). We also observe an attempt by MA50 to pass MA200 . The resumption of the fall (after the expected slight increase) will confirm the long-term reversal.

Daily schedule

The nearest support is MA 50, the trend line is approximately there (see the daily chart) and the minimum of wave (iv) is located.

Money does not go into the crypt, on the contrary. It looks more like the last attempt of small investors to catch the trend. Also, the tightening of the PREP will contribute to the aggravation of liquidity problems.
 

Conclusion

The current growth is considered as a correction. Its continuation will be a "bull trap" after which a rapid fall is expected. In the near future, it is better to just watch the development and wait for confirmation of the downward reversal. The charts show important levels that are worth paying attention to.

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