Is BTC doing a SHS?

In this analysis we presume three things:

1) We are on Elliott's wave "a".
2) Wave "a" will be overextended and will reach 100% retracement.
3) BTC is forming the head of a SHS

Thus, the SHS gives us the estimate of the final downward movement and Elliott gives us the following waves "b" and "c".
Both observations confluence a decline in the price of BTC back to 40K resistance in about 25 days.

Notes:
The circle in orange indicates the usual 61.8% retracement of "a" wave.
The circle in green is where 100% retracement would be expected to make the SHS formation effective.
BTCUSDTElliott WaveFibonacciFibonacci RetracementHead and ShouldersshortSHS

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