Our first target will be $8k and second target is $5k. Stops would be above the $17k psychological .
Now that we've broken the neckline, I would expect a retest of the neckline as previous support and should now hold as resistance. This would complete the B-leg and from there a deep correction back to $5k-8k.
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This played out beautifully. I've found Psychology plays a massive role in BTC and in fact all crypto's, because there is a lot of new money coming in from inexperienced players in the market, a lot of FOMO. However, I do expect to see a bullish breakout here back to at least $4200.00 but won't rule out $4800-5000 to retest that 200EMA.