BTC drop incoming

Using the ew theory on the 45 min chart, we could be in the retrace of the third wave. The retrace could go to 1510 yuan max. After this leg 5 will follow and i think that the purple line - coming from the top of the last bull run - will serve as a huge support.

The RSI basicly supports this, since the last 2 days look more like a small retrace instead of the beginning of bullishness.

Let me know what you think!

Thanks