SUMMARY
Overnight Bitcoin (BTC) price action was uneventful...boring. Meanwhile, I still see plenty of panic stricken headless chickens as well as doom and gloom pumpers calling for sub $4,000 prices to be the next target. I disagree!
The below chart is my original count where I had the wave 2 in progress. However, in reviewing the corrective pattern, the Regular Flat count would be better applied.
I've therefore updated my Elliott Waves to reflect an a,b,c (3,3,5) regular flat as shown in below chart. If this is correct, then wave 5 of c would mean one more lower low to complete the a,b,c correction. As the impulse waves 1,2,3,4,5 show; this update simply means a slightly different pathway but still the same destination....UP!
NOTE: If this blog gets downvoted; 
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: 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.**