Bitcoin (BTC) Morning Update: One more lower low probable

Bitcoin (BTC) overnight value activity likely finished wave 4 of a five wave decay for a higher level of pattern red wave C as appeared in beneath outline. I'm utilizing the extended level a,b,c waves as the manual for this adjustment. The blue waves are making the fulfillment out of the c wave of the extended a,b,c.

Now, there is a scenario and count where the five waves could be done as shown below. This count is technically correct for five waves down of a c wave. However, the subsequent waves are very three wavish. More importantly the last chart shows additional reason why there is likely one more lower low.

I want to thank @dbrdr for sharing the below chart pattern. Well done! It shows that an a,b,c,d,e could be in progress. IF that's the case, then it lends to wave C going to around $13,203 or so. That also jives well with the one more lower low requirement of the above first chart. Let's see what happens during the day time price action.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**