Technical analysis by Crypto-Swing about Symbol BTC: Sell recommendation (4/7/2023)

In this study, I take a close look at the Elliot Wave structure of the movement since March 10 to make sense of this crazy consolidation we have been witnessing since March 23, in the 4-hr chart, refining the wave count of the previous study. Currently sitting on the weekly pivot of $28k, I see a corrective wave structure that has developed, that not only includes two successive symmetric triangle formations, but both being part of a complex irregular Double Three (WXY) correction with a price target of c. $24k. Approximately a $14% correction from the current price. A break below the bottom of the triangle support line could be the trigger for a deeper drop. A confirmed break above the upper resistance line of the triangle will invalidate this scenario. What do you think? Will we see a breakdown towards $24k, or a continuation of the rally up over $30k?