This is made with extra care to filter all bad noise. Basically, we have a on both and . already dipped below the overbought area and is looking for a bounce upward to test 50 blue and 200 . As you can see, I have drawn Theory based on (https://www.tradingview.com/chart/BTCUSD/DRc1DS2Z-Elliott-Wave/) and rules that I read. The C placed further below is just a potential end of Wave C. At the moment, it seems like we have a which indicate that price bouncing up could happen anytime soon. My target levels would be either 50 or 200 . There is also potential for the upper dotted red line also but it is likely not to happen. There is also a red resistance line running down which we need to close above to move further to 200 . A failure to close above will make the price fall down again. And also, I took a look on TD sequential also and the TD buy countdown is already near 13th candle which could indicate a reversal / pullback anytime soon.
Good luck, Request Guy!