BTCUSD: Daily Ascending Channel or ABC completion of Weekly?

Bottom-up Analysis:
1. 4H:
1.1. SRSI & MFI: Overbought; So, $49 - 52K are not out of reach.
1.2. RSI (14): Escalating for the last 2 Weeks. Loosing strength now.
1.3. If Elliots are to be correct, then can be a confirmation for the downturn to above targets by completing the 4th wave.

2. Daily:
2.1. MFI (2, 14): MFI (2) Overbought & MFI (14) has made a lower high representing lower money flow.
2.2. SRSI: Overbought (saturation in this time frame can be a confirmation for 4H Wave Counting matching the end of the 3rd wave).
2.3. RSI (2, 14): RSI (14) has made a lower high at the moment. RSI (2) is another confirmation for probable price dip.

3. Weekly:
3.1. MFI (14) got flat, but MFI (2) at 100 is fully saturated.
3.2. SRSI: just entered into the OVERSOLD ZONE. Can be implicating that for a couple of days downturn is possible if it plunges more & stays there.
3.3. $54,641 has to be broken, or a Weekly ABC while B is apparently shaped can be possible. If so, then $37,726 would not be impossible.

To conclude:
- 4H: downturn to $49 - 52K is deemed quite possible.
- Daily & Weekly: A few days correction is expected in daily. Weekly ABC correction pattern and plunging into prices lower than 42K means to pass through well-established abovementioned price. If it is penetrated $28 - 38K can be considered.

It is not a financial advice.