What if this the actually the end of a 9-year 3-bubble elliot wave and now a super bear market is coming? First it would go down $3K as usual (wave A), then it would start rallying again and LOOK like this was the next big bubble (wave B), but around 8K it would fizzle out and proceed into wave C which could go back into low-mid triple digits
So buy again at $3k and short at $8K?
I think the absolute bottom if history "rhymes" will be $1500. Which is 1 order of magnitude higher than the previous low in Jan 2015.