SUMMARY
Bitcoin (BTC) has breached out of the flag pattern and provided another all time high. I've laid out the primary Elliott Wave pathway as shown in below chart. If this is correct, overnight price action should give higher highs.
Below shows a very large inverted bullish Head & Shoulders pattern. The minimum price run is $10,341 which is pretty close to the $10,600 Elliott Wave target. If this pattern and Elliott Wave combination projection plays out, we could see serious profits getting made.
One alternate count is shown below since BTC loves Expanded Flats. Given the three wavish looks; the below could still play out.
Here is Bitcoin Cash (BCH) with its bullish flag pattern. Price is expected to breach the upper white line and start impulsing upwards.
Bitcoin Cash is also sporting an inverted Head & Shoulders pattern as shown and the minimu price run is $1,832. If this is correct, then BTC and BCH will be both going up! How can this be possible? What reason, news or rumor would be put out to rationalize this? To me, it'll be a simple case of news or events arriving to justify the forecast!
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
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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.**