My favorite wave count for BTC is that intermediate wave (4) has concluded and minor wave 1 of intermediate wave (5) of primary wave [3] is underway. Minute waves [i] and [ii] (circled 1 and 2 on the chart). Minute wave [iii] is now underway and subdivding into five minuette waves. Minuette wave (i) is underway and it too is subdividing into five subminuette waves. Subminuette waves i and ii are complete and now subminuette wave iii of minuette wave (i) of minute wave [iii] is underway and underway in a very impulsive manner.