BTC continues downtrend after auction

OKCOIN:BTCUSD1W   Bitcoin / Dollar Forward 1 Week
After pumping from 232-290 i think Bitcoin             will retrace to the .5 fib at 261 the bottom of the Ichi cloud. It hasnt broke the fib spiral at the .236 Fib and completed the 5th elliot wave spike.
shorting an uptrend in the hopes of a possible retrace? Why not just buy the dip if it retraces?
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