At the end of April, see here, we found for Bitcoin (BTC) “For now, and in either case, we are looking for marginal lower prices for the short term, then a bounce back to resistance followed by -at least- another leg lower.” Fast forward and BTC did exactly that. It produced a marginally lower low, then a counter-trend rally into resistance and another drop, aka “leg lower”. Figure 1 below shows -based on this pattern- the most Bearish option: a 3rd of a 3rd wave down possibility. We have no certainty yet that this option is operable, but we know that if BTC stays below the May 6 high of $28944, labeled as black W-2, ... (full story)