A very heavy drop or pump!
The Pattern looks something like this
This is what we have on BTC right now.
If we go for another bigger correction right now, we should be good, if this goes to around 4800 and comes back up, maybe low 4000s, too.
If we on the other hand go only to around 6k and then back to 7500+, this Pattern might be fullfilled.
This is only an Idea, but this is just something that i noticed. Lows are rising parabolic, eventho this Chart is on log scale.