Man, I really need to start using the word "wave" in my analysis. Seems to be the attention grabber. I enjoyed the review of their analysis. That downtrend line is something I have watched and talked about for a while now, referencing the descending channel that it helps make up.
As for the bubble or hyper-wave, that is the topping pattern I look for.
On a daily chart, we possibly already did that top, but on a weekly not really and historical research I usually see it on the weekly, but it's not black and white of course.
It would be the quickest "bubble" in history if 20k was the top, one of several reasons I'm willing to gamble on it not being it.