BTC headed Lower, 7400 and 7200 likely targets: retrace NOT done

My last plot caught all turns and bounces perfectly (below).
But the world is still in risk-off mode and uncertain (virus).
Bitcoin is treated as a risk asset and not a safe haven (yet).

We look to be in an "ABCDE" structure and not an ABC.
Currently in wave "4 of (e)" with next leg stating soon.
We may consolidate for a bit, or even move higher first.

$ 7413-7460 is the MINIMUM target expected.
$ 7190-7254 is the LIKELY target eventually.
$ 8374-8420 is the INVALIDATION zone.

CHART NOTES:
- the 3 charts are different time frames for higher resolution.
- to BLOW UP one, hover over lower center, click on square icon.
- Drag UP on any PRICE scale to reduce overlapping numbers.

My last plot calling for $7.7k (click)

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Previous charts catching every key turn and giving early warnings (click the links below):
7.7k Retrace Target
10.5k Top call
9.7k Bounce <= mapped within $10
10k Targetted
8.2k to 10k wave 5
9k barrier Foretold <= Warning in Time
8k ReBag in HiRes
8475 Top Call <= Mapped within $5
Sub 7k Foreseen
Big Picture Fibs <= the 3 Fibs of Life
14k target call <=Perfect TP
10k target call
3.1k bottom call <=EXACT 2018 bottom

Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

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