BTC - 5th Wave scenario heavily battered, not written off.

So essentially BTC has dumped over the past few days and everyone is crying. Although I still feel that BTC will endure further months of a bear market, Its my opinion that this 5th wave scenario is still possible and at-least a bounce of some type will occur shortly.

RSI entering oversold regions, and BTC has failed (So far) to penetrate support at 6150 Region. A long term trend-line also coincides with this region.