Something to keep in mind. A 5k top was one of the most predictable moves in bitcoin. I know of at least one other person calling that top. It was so predictable it did not hit 5k on most exchanges because the selling hit just under 5k.

What this means is there are a ton of traders / investors with spare cash like myself, and they will be buying at that Elliot wave target (3,600). It does not mean Bitcoin is done going down then, maybe it never even makes it that far, or maybe it goes farther... either way, whatever it bottoms out at 4k to 3,600k, when the people loaded with cash go long again, it will be enough to propel the market back up to 4,600+. Very likely, it will move near 5k for a retest to see if we can break higher. If there is going to be some long-term correction, the market will probably give us a solid exit point above 4,500 on bitcoin.

I may very well buy down at 3,600 or when I think it bottoms, ride it up to 4,800 BTC, sell, and wait. If we break new highs, I would just go long again. Either that or I could watch it on a hour by hour basis when it begins rallying again to see if the highs can be broken.