Bitcoin(BTC) - Symmetrical Triangle (Correction over?)

As we can clearly see, bitcoin is in a symmetrical triangle and the path which it will choose will greatly affect the market. If it does a breakout we can expect reaching 16k and that will be the start of a new 1-5 elliott wave series. If btc will drop out from the triangle we can expect a drop to the 7k. Be ready for both scenarios and manage your portfolio carefully!

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Update:

Bitcoin fell out from the triangle.

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Update:

Bitcoin hit the long-term support, let's see how it will hold.

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Update:

Reached triangle crash scenario.

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Update:

As expected, btc went up when it reached the crash scenario.
Current resistance - 8800, will release a new chart tomorrow covering bitcoin.

Good luck trading!