$BTC just finished a textbook five-wave drop from the top — wave 3 came in at exactly 1.618× wave 1, clean as it gets. Now we're grinding through the messy corrective bounce you'd expect.
Here's the setup: that initial decline is either wave 1 of a bigger impulse or wave A of an ABC. So this recovery? Wave 2 or B. Different labels, same trade.
Either way, once this chop exhausts, the next high-probability leg is another five-wave decline — wave 3 or C. That's where the structure wants to go.
I'm not married to the long-term count yet. Right now, I'm watching for this correction to finish and lining up for the next impulse down. Structure first, labels second. Stay patient, respect the levels, and let it come to you.
Here's the setup: that initial decline is either wave 1 of a bigger impulse or wave A of an ABC. So this recovery? Wave 2 or B. Different labels, same trade.
Either way, once this chop exhausts, the next high-probability leg is another five-wave decline — wave 3 or C. That's where the structure wants to go.
I'm not married to the long-term count yet. Right now, I'm watching for this correction to finish and lining up for the next impulse down. Structure first, labels second. Stay patient, respect the levels, and let it come to you.
