Bitcoin (BTC) Evening Update: Micro-Counts

SUMMARY

This is a short term, tentative, micro-Elliott Wave count. The strong bounce from the $7,621 low moved up impulsively, as shown by the white waves. The a,b,c is now in progress and the five subwaves of the c wave is marked. IF the c wave is or about to complete; then BTC needs to initiate another impulse upwards. The c wave tagged near precisely the 0.618 retracement level. This new impulse upwards would be a higher degree wave 3. So, IF this is to be the onset of a reversal, overnight price needs to show higher highs. The lower white support line also needs to hold.