Bitcoin trading setups

Here is Bitfinex 1hr.
My wave counts and trading setups are as shown above.
Regarding to Elliott wave theory, BTC bounced at wave 1's 4.236 fib extension level, which I believe is wave 3.
I am bearish right now and expecting few more down-going waves.
On the bright side, the white mid long term trend-line was well supported.
In shorter term, BTC broke the yellow trend-line above and is soon to test the 0.236 fib level of wave 3.