I doubt that BTC will go down to $11.000 and even less to $8.000 even if I would like to buy some more "cheap" BTC.

Elliot Wave analysis has a bad track record on predicting BTC movements. In fact most technical indicators are really bad with BTC except the basic ones like trends, supports/resistances, moving averages and Fibo.

I don't exactly why, may be because of the volatility of the asset or may be because there are so many noob traders that only know how to use those tools, which makes them a Self-fulfilling prophecy.