SUMMARY
Bitcoin (BTC) could be deemed to have put in a third consequtive fractal as shown below (yellow box). The decline form the first flag was not as much as the prior two but he second flag was placed. I believe we should see higher highs in Bitcoin.
I've also drawn out the pattern of an ascending right triangle which consists of a horizontal and an ascending line. What's attractive is how the fractal is embedded within this pattern; hence more bullish! Ascending right triangles appearing at mid point of an ascent act as continuation signals. The minimum price run for this pattern is $9,600 or $10k.
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Elliott Wave Counting Tutorial #1
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Essay: Is Technical Analysis a Quantum Event?
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