SUMMARY
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Bitcoin (BTC) still is tracking the fractal which was introduced earlier today. The yellow circles in the price highlight the dip below the lower trendlines. The MACD in this short term chart also could turn up (yellow circle). Let's see how the remainder of the day progresses.
The alternate count is quite similar to that of Ethereum (ETH). The ABC (red) correction could be that A and B are complete with the C wave still in progress. The blue impulse down of five waves represent the subwaves of red C. IF the non-volume confirmed H&S still plays out, the minimum price move (white vertical lines) could equal the bottom of red C.
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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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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