Using EWP in charting though not an exact science is fun and very interesting. Applying it to the current price movement of BTC, Intermediate Wave C has just completed the Primary Wave 2. This could be the start of Intermediate Wave 1 of Primary Wave 3, which also could indicate a resumption of the bigger bull market that started in September 2017. Typically, the personality of Wave 1 is usually mistaken as DCB and so during this time, there will be many short-sellers for the majority are finally convinced that the overall trend is down. And so, any indication of a rally is taken as an opportunity to sell.

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