The current action seen today spurting up to 6320 and then plummeting quickly down to 6200 clued me into the action seen in the last 48 hours as an ABCDE symmetrical triangle. Elliot Waves shows E up top which leads to downwards action coming out of it. In general triangles are seen as waves 2 and 4. I had been thinking the intermediate degree of trend was just a zig zag, but the triangle leads me to believe it is wave 2 and so BTC would have 3, 4, and 5 left.
BTC's cycle midpoint on June 28 started the onset of the upward wedge bounce upwards as the cycle midpoint. BTC is now seeking out a lower low at the cycle end point of July 28th. I am seeing July as a 5 wave downward column. I am seeing the apex of BTC's current triangle wave 2 as hitting the top resistance line of the column at 6300. As you can see the trend line with the apex hits at 4800 on July 28th. You can also see a clear support at that level looking back at the fall of 2017.
I have wave 3 at 1.618 of wave 1. Wave 4 at .236 of wave 3, and Wave 5 at .786 of wave 1.
I will post an closeup image of wave 2 for the current triangle in the updates below.