Bitcoin correction comes

Hello everybody

Let's keep an eye on the Bitcoin chart.
We have experienced a parabolic increase in recent weeks, which has now run out of power. This increase reminded me of the climax in 2017. In my environment is already a Fomo wave broke out and many have bought after what I think is a mistake.
If a market rises so dramatically without any significant correction or consulation, it is not healthy growth. This is the epitome of a bubble.

Now let's take a look at the technical point of view.
Not only the Macd and the NVT have been displaying bearish indications for quite some time. No, other indicators that show the oversold market activity flash red.
In addition, the bitcoin has formed a lower low on the smaller unit of time which is an indication of a turnaround. Now it is important that the Bitcoin no higher high strives to activate the short wave.
If one calls closer to the smaller time unit, one also sees a double top or "M formation".
Also the trend channel which was so steep was broken.

Now there are some bearish signals and it will be exciting how the market develops. I am super bullish towards Bitcoin but I do not want to buy at such a price.
What about you?