#BTC Corrective Wave C.5

28 lis 2021

This is my preferred wave-count for the corrective structure in play on BTC. The tell for this being an ABC are the peak momentum points which occur twice within the overall structure and signify Wave 3 occurrence. As an ABC structure is composed of 2 motive (5) waves and a mid-point corrective, the W3 points observed here likely correspond to A.3 and C.3 respectively. By this count, the move in progress right now is a C.5 just beginning to complete the structure. Likely low of 51.6k to 53k.