SUMMARY
IF price rises further and breaches the upper white line (blue circle); that would be significant. Price is so close to the apex! That would also mean that the MACD will also breakout. Funny thing is that I'm seeing Altcoins beating Bitcoin out in the breakouts!! Case in poinst Verge and ZEN.
Here is the chart from this morning showing that price made it back into the blue triangle and is now reaching for the top blue trend line. I'd like to reiterate how the decreasing sized wedges reflect the near decimation of the selling power. Can we get a breakout in Bitcoin over this weekend or must we wait until later April? Hmmmm......
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
