SUMMARY
As requested, here is an evening update for Bitcoin (BTC) which has been now up against the upper white wedge line. This line has been hit 4x as shown by the blue arrows. Each time a resistance is hit, it weakens; the same for any support. There is likelihood that this white line can be breached. IF so, the the upper blue line would be the next resistance.
Here is the daily chart. The blue line represents the flag pattern upper line. If price gets repelled by the blue line, the the bull flag pattern would become primary. The key here is how the daily MACD is now curling upwards! This could be significant as a buy signal is likely. Overnight price action could enable the white line breach of wedge pattern and MACD buy signal. Is it worth laddering in a nibble? I am.
Legal Disclaimer: 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.
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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BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
