Is this a new impulsive cycle for BITCOIN?

BTC attempting to make a wave 3 in this cycle. This not mean 100% this cycle will work. Look back at the blue circle. This is why its important to buy as cheap as you can and play a strategy with stop losses in place. at the moment were holding a 50 retrace from the bigger cycle we just went through. as i mentioned, if this is a bull run, 50% would be an acceptable retrace but there is still the chance of us going to the next level and retesting $8000. I dont think ALTS will do anything special until btc works this out. It failed several times at the 10k test. Im liking that bigger time frames like daily and 3 day are resetting from an over sold position. The correct play is no different to what i have been saying since 10400. We expected this retrace and entris should be placed from $8400 down as low as $7400 to get the best average you can