How deep will be this correction...

or is this end of Bitcoin's bubble? I see waves situation just like on my drawing. I warned before that dump will be painful (see my previous ideas, especially "Waves counting and future moves anticipating" for BTCUSD). Now most posible for me is reaching 5000$ as very important support level (previous ATH, high of wave 3rd in 3rd in my counting) and 38.2 Fibo's retrace of wave 3rd (highest tier). Of course in scenario when 5000$ will not hold this dump, the counting presented will be viewed by me as failed.

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Alternative counting looks very awful for hodlers.

Market will show us the truth.

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My longterm holdings in BTC however are still not closed. Accordingly to my set of rules, if BTCUSD is above 38.2 Fibo retrace from ATH i hodl, closing is only triggered by crash of price significantly below mentioned 38.2 retrace, and closing is done when there is some bounce (minimum 50.0 retrace from dip to ATH).

See that here:

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Other chart, that better present my set of rules.

case 1st - BTCUSD stay above 38.2Fibo from ATH and the blue line (in this case i stay with my investment steady)

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case 2nd - BTCUSD drops under the red line (perfectly as close as possible to 50.0Fibo) - and i know in thta case, that i must close significant part of my position (50 to 80%) after bounces from levels around 50-61.8Fibo (bounce must be of course minimum 50.0 Fibo measured from dip to ATH, but i use sometimes 38.2, acordingly to fundamental situation of instrument).