SUMMARY
Bitcoin (BTC) has likely completed and confirmed the upward pointing wedge pattern. This is an early indication that the minor correction which I had discussed in earlier posts are probably starting.
The most likely alternate count would be as shown below. The wedge bottom line can be redrawn to be more inclusive of current levels. This would alternately move up the e wave to around $12,189 potential target. However, this is the alternate count which means it's subordinate to the primary.
I believe the blue arrow pathway is becoming the primary pathway. But note that the destination will not differ by much.
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Elliott Wave Counting Tutorial #1
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