SUMMARY
NOTE: If this blog gets downvoted; @ranchorelaxo has our backs!!
Bitcoin (BTC) overnight price action was uneventful. What is needed next is a higher high to confirm the resumption of uptrend. The chart below shows the white subewaves of circled blue 3. A higher high past $16,455 would confirm the decisive execution of white wave 3 of circled blue 3. Note that blue circled wave 3 is targeted for $23k and wave 5 is targeted for $26k. Following these, a requisite correction is expected, as usual, and then onwards up towards $30k or higher.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: 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.**