BNB/BTC Analysis: Primary & Alternate

BNB is a relatively new ICO with very little price data. With what is available, I've used BNB/BTC chart in 60 minute intervals.

The Pirmary Count is below and it shows 5 impulse waves up had completed and the natural abc (blue) correction down is in progress. EW states that every five wave impulse is followed by corrective abc waves. I believe a and b corrective waves are done as confirmed by their sub-abc waves (small white) and BNB is still grinding out the c wave. How far does an abc correction go? Usually to the region of prior wave 4, in this case the white wave 4.

Secondary count is more bullish in that it shows that the abc correction could be fully complete and wave i and ii are complete and the uptrend should resume.

I made this count secondary because if you look at the daily chart, it has undergone a parabolic rise and these often correct deeper like the primary count shows.

Daily BNB Chart: Parabolic rise and very little depth in correction.

So, how to tell if primary count is THE count? If prices grind lower and actually goes lower than the level where b price level resides. If a turn happens above the be level and exceeds higher than wave i (white on second chart); then the secondary count is preferred.

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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36

Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.