BTC - Big DUMP before the PUMP!

Hello traders,

I'm seeing a lot of bullish charts on BTC while infact BTC has just been correcting for another big dump.
Bitcoin broke down from the C wave ending diagonal to low 6k ranges was the just the first impulse in 3 wave move down.
Currently BTC completed a 3 wave - ABC correction to make the X wave. Implying that we should get another move down.

This presents with a good shorting opportunity down to low 5k ranges.

Komentarz:

Two possible scenarios. Either BTC starts breaking down from here or we do more complex correction similar to what I have drawn in red and then breakdown.
Breakdown is inevitable at this point.

Komentarz:

BTC broke down as expected. Small bounce from here and then continuation of the downtrend.

Komentarz:

Got an extension the C wave. It still is a correction to upside meaning the impulsive move will be down without any doubt.

Komentarz:

The first leg down is complete and this whole correction is an expanded flat of larger degree. One more wave down to go before we see a short term reversal on bitcoin. It should take another 4-5days before we see the actual reversal.