BTCUSD: ready to bounce?

BTCUSD: interesting moment - overlapping decline towards the recent low region is looking like a diagonal - and we very well could get a double bottom in the wave (5).
I have slightly adjusted the count to highlight this scenario - and IF it is going to play out we may be just about to start a strong bounce.

That said, to indicate a major low BTC has to take out 5170.

BaseCase - BTCUSD - Primary - Dec-06 2150 PM (4 hour)
BaseCase - BTCUSD - Primary - Dec-06 2150 PM (4 hour)
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.