Bitcoin correcting what are our new targets?

Why do i think bitcoin could be correcting? there are many possible factors as to why bitcoin is corecting. The new investors could be realizing there are other cryptocurrencies out there. we could have hit peak demannd for now
With the first impulse downwards as a rough estimate the bitcoin correction bottom could end at approximately 3000 if we follow a regular zigzag correction. Unless something crazy happens again like 10bln gets pumped into the market overnight or something

If bitcoin follows the regular zigzag correction we should see an A wave. From this A wave we can have a rough estimation of where the C wave should end up. A regular zigzag correction will be symmetric in nature so we can run a line along the length of A and extend it from the end of B to see where we could end up.

More generally, from Elliot wave theory after a wave 5 the correction will land somewhere between the end of wave 3 and wave 4. So assuming I have numbered my waves correctly we can land somewhere between 2900 and 1800. If we meet in the middle it should be at 2400$

Personally I will not be adding more money into cryptos until the correction completes however therea re opportunities to trade the correction. I have my eye on ripple atm, it recently had some immense volume. I will be setting stop at, I had bought at 15.5 cents, 16.5 cents if I am wrong but we could see a lot of money getting pumped into xrp over the coming days.