Great analysis Haejin. I think we need to keep an eye on the 4hr RSI. A clear ascending support line has formed. As long as it holds, I believe an uptrend will continue. Should it break, prepare for a drop:

I have a little different count than you. Check it out here if you're interested:
https://steemit.com/cryptocurrency/@workin2005/bitcoin-drops-wave-2-failure-critical-test-coming