17100$ orderblock broken, sharp decrease likely!

In reference to previous posts a likely ABC correction was completed at $17400 with a 5 wave C wave sub wave count evident to add to the validity of the count; from there it was expected to see some impulsive price action to the downside in which price came down to the orderblock 2 given by a 4 hr orderblock which in the past acted as a key support area where many wicks were evident to the downside and acted as support when price was above such orderblock and resistance when below. Price came down in 5 waves with a strong truncation in the 5th wave into the orderblock where buyers came in and strong push upwards occured; the idea of a 1,2 1,2 wave count was invalidated hence, now the alternative larger wave 1 is preferred. Price then got above the key Orderblock 1 indicated on chart however, has no closed strongly below after holding and testing support many times.

This is an extremely bearish tell tale sign and should lead to some strong bearish price action in a likely wave 3; where can price be forecasted to likely end up? - the 1.618 lines up in confluence with a strong support area which held wave 2 of the C wave correction at approximately $16200; this is a likely wave 3 destination in a larger 5 wave move lower.

Furthermore, Bitcoin has now dropped the lower uptrend line, signalling a break of the uptrend and the formation of a new downtrend, and a potential sharp sell of can occur.

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