Falling Wedge on BTC weekly

This is a very bearish chart idea, so do take it with a grain of salt.

If you measure the fibonacci from the bottom of the last broken parabola, we see the .786 retracement level around 4.4k. Not only is this a strong horizontal support area, but this also matches up with a potential falling wedge that can be noted. Currently, we appear to be in a bear pennant as we approach the downward resistance line again (on very low volume). Should BTC continue to track down this wedge, it would be a steep decline until the end of July.