Is Bitcoin, Home Depot??! Bearish Case for BTC.

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Found this 5-wave EW setup that makes BTC look very similar to HD's chart of the past. Bearish $1-2k case.

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ملاحظة

Crypto Twitter and overall sentiment seems to be abnormally bullish. Especially when price continues to make lower highs and lower lows.

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ملاحظة

Both have are on the 11th down candle from their respective peaks.

Reasoning for HD being on 3 month and BTC on 1 month: Crypto trades 24/7, roughly 3 times faster than stocks... :D

If it follows similarly, should put BTC at $1700 by October 2020.