A told You so - beware!

Downtrend is clearly resumed here. Many will say "lol it's impossible" (my drawing). Okay maybe, this is not prediction, this is one of possible scenarios, after denial @downtrend reddotted line. For me BTC has started dynamical wave 5th in this correction from ATH. It's end in range 3000-5000 will not surprise me at all. Invalidating of the above scenario, after succesful attack on downtrend line - will not surprise me too.

How this bearish scenario can develop further - good example is XEMs case:

Comment:

Logarithmic chart:

Comment:

Elliot waves:

Comment:

Or other possibility EWs:

Comment:

bearish engulfing @Weekly chart