Many thanks for your POV!

I don't understand the point you're trying to make.

Thank you!

I very much agree with your detail count, though I do believe the bigger count is different. Ascending wedge pattern (ABCDE) as a large wave 2 is what I have been seeing for the past days now. Feel free

This is what I am seeing as an analyst. This whole move is still wave 2 in an ascending wedge pattern (bullish). It'll form a cup and handle within the right shoulder. on the 4H, this drop would have us

Thank you. I appreciate your kind words. My goal is to educate and spread awareness. Please, feel free to post questions regarding TA or FA.

You're welcome!

Right-click them and select 'open in new tab'. That's the only way I know of, unless someone else can provide me with a better method.

Agreed, @haejin. I've posted an in-depth analysis of Bitcoin just half an hour ago, too, with the same counts/results. I highlight technicals in relation to EW & Fibs as well. Blog, purely for educational

Well done, Haejin. I do believe you are spot on. For those interested in an in-depth analysis of Bitcoin's current (and past) price action, I have made a blog per request of commenters on this blog.

Fundamentals are bullish; Technicals are still mixed imho

Fractals

Bearish divergence on price and RSI

Additionally (speaking of bull traps):

Pay attention to the stoch RSI conditions on these charts: on the Daily, 4H and 1H. All overbought and daily still coming down. There was 1 occurence out of 28 in 2017 where the Daily stoch RSI decided

I have posted a similar chart on this blog as well. I've labeled your blue ABC as WXY because an ABC has 5-3-5, whereas WXY has 3-3-3 (which is confirmed by both of your red abc zigzags).

@haejin Moving Averages are indeed pulling towards the upside. Daily, 4H, 1H stoch RSI are still overbought and are indicating a move to the downside. Whilst it has clearly broken the downward channel

Love it! Could you provide us with an update on Ethereum?