SUMMARY
Last night, Bitcoin (BTC) surged out of the bullish ascending right triangle and this morning tagged $9,435. The below chart shows an updated Elliott Wave sequence towards the $10,084 target. The $9,600 minimum of the ascending triangle pattern has not yet been met and it likely will be today. The volume surge and a steady level was maintained overnight and for the foreseeable future, a steady state should be attained.
The fractals are shown in the below chart. The yellow box was the third and I've laid out the scenario for a potential fourth repeat! The video has more details but these fractals have been jiving very well with patterns, indicator and Elliott Waves. IF this fourth fractal takes place, a breakout from it should deliver the wave 3 target. Up above, the real resistance is the $11,800 zone and the month of May could be an ideal time to breach that.
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?
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