SUMMARY
BT2 is almost donw with the below a,b,c,d,e pattern of bull flag. The $150 level could be hit to complete the e wave. Give also that there is a bullish Cup & Handle pattern, the future is looking quite bright for BT2. Yes, even with a BTC correction!
As usual, the BT2/BTC pair is lagging the BT2/USD pair. This is quite typical in that the /USD pair consistently leads the /BTC pair. The left hand side shows a beautiful bear flag that was executed to complete the wave C down followed by a Cup & Handle that is about to complete. BULLISH!!
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?
Follow me on Twitter for Real Time Alerts!!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.**