SUMMARY
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Bitcoin (BTC) has risen out of the recent bottom as shown by the below chart. IF the C wave is in and complete; then I've labeled the Elliott Waves accordingly in blue and white on the right side of the chart. I'm still calling for a Fractal play between Fractal #1 and #2. This means that both are of Expanded Flat corrections and price shoudl soon see higher highs.
Remember that corrections are healthy; while others wale at corrective waves, those who are more aware buy more rather than panic sell. Again, if the first Fractal can be any guidance in that it moved price to $20k; then the second Fractal should move it at least to all time new highs.
I also want to point out that the volume does NOT confirm a Head & Shoulders. Remember the nay sayers in the comments calling for $4,000 to $6,000 price because of a Head & Shoulders top? I had disagreed from the onset of the correction. The fractals are still in play!
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.**