alphahorn

The Daily Chart of BTC tellls an immediate term bearish story

COINBASE:BTCUSD   比特币
I find it always helps to analyze wave counts from a variety of perspectives. Quite often the truth can be found as we zoom out and view the count from a big picture perspective. To that end, the daily chart for BTC suggests that there is still some unfinished business ahead for the primary wave two pullback. Intermediate wave (C) of primary wave two appears to be in minor wave 4. On the daily chart the subdivisions of the (C) wave seem to be apparent. If so, then expect one more lower low before the rally.

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