So, as you can see, BTC turned sharply from highs and we can clearly count five waves down, which is our signal of a trend reversal and in EW theory is called Impulse wave.
Then we can see a clear three-wave regular 3-3-5 correction, with three waves up into wave (A), three waves down into wave (B) and now we are heading into wave (C) with five waves up towards 17500-18000, where we also see important 78,6% level and equal legs of (A) = (C).
As always, to find the right entry position, we always wait for confirmations. Confirmations are very important, because signalize that we are on the right way, so in this case our confirmation would be a break beneath 14000 level, so if BTC break under 14000 level, we expect even more weakness towards new lows, where next target can be around 8000 or maybe even lower.
As said above, we are , and will keep looking lower unless 20k is broken out. Then we may adjust the view.
Now we MUST wait until the thieves of this world who whish to dominate the crypto markets pull it all down to where they know they can buy it all cheap as chips & the underlying crypto itself .
The Organised Syndicates aka Illuminati aka NWO aka Shadow .gov will be milking it ..... wait for lower- mid lows .
If you can't beat them .... short with them ; )
We would need to see how this next sub wave plays out to even assume an ending diagonal.