ABC correction started for Bitcoin?

The 'arcs' show hurst cycles that could indicate the most recent 80 day nominal cycle as peaked, which means waves 1-5 of (1) have completed and a natural ABC(2) correction has started. We're potentially going down into the rectangle highlighted in purple which would equate to a retracement of 0.618 of Fibonacci retracement.
BTCUSDChart PatternsTrend Analysis

Also on:

Disclaimer