Bitcoin (BTC) - double bottom at 7700$ or one to one 5th Wave at 7450$, is 6000$ scenario still in play

I do believe we are in the last 5th Wave of the C Wave of the correction. The target now is to figure out where will end the 5th Wave of the C leg. For me there is two possible scenarios, truncated 5th Wave doing double bottom or one to one 5th Wave to 1th Wave.

Double bottom: Several hours ago Bitcoin touched again 7700$ which was the previous bottom of the correction and the end of the 3th Wave. The count inside the ending 5th Wave look correct because Wave 4 didn't overlap Wave 1 but the ending 5th Wave is not proportional so I have some reservations.

One to one 5th Wave to 1th Wave: If the double bottom scenario is not the case next very possible target will be 7450$ where the 5th Wave do 1:1 with the 1th Wave and the 0.887 Fibo of the 1th Minor Wave is.

If the one of the above two targets is the end of this ABC correction then we will see a steady 5 Waves up completing the 3th Minor Wave.

I consider everything under 7450$ (0.887 Fibo) as a very dangerous and critical zone. If the price go below 7240$ we need to accept a fail and another ABC correction down will come into play with possible target between 4000$ and 6000$.

Legal Disclaimer: This blog post and the materials in it are for informational purposes only. I'm not an financial advisor. This is only my opinion. It is not advice or recommendation to buy or sell according to provided information about the price movements and I am not liable for any pecuniary damages!