BTC Weekly chart (5,3,5)

If we look at the W-chart, definitely we can see a 5 EW down, after a ABC correction. After there is a big chance again a 5 EW down (only this bigger than the last one)
If you taak the trend based fib extension on the first 5 EW (the result was around 31500), BUT if you do that with the second 5 EW down (if this is playing out) the end target is 10500. the trend based fib extension you can taak from top and end of wave 1 and that connected to the end of wave 2. IF this is wave 1 and 2.
The target from the head and shoulders is around 16000
That's what i see on the chart.
For me 2022 will not be the year of a new ATH, but you'll never know with btc.
The charts are not looking bullish at all
But you also have to see the other markets as well and the dxy
With the plans of the FED and the markets nothing is really looking bullish except the DXY imo
They have to taper and put the interest rates higher for fighting the inflation.
meaning markets are coming down so btc as well
But we have to see maybe i'm completely wrong.
The time will tell and patience will be the key