ELLIOTT WAVE BTCUSD maybe down

I think that BTCUSD should go down to 7500, maybe more maybe less. I found the actual retracement to be too short in time and price.
The second option that I see less probable is that we are not in a retracement, but in a wave 3. That is the idea in de kind of pink square that points to a elliott wave impulsive wave. Sorry for my english, I´m not a native speaker.