SUMMARY
Bitcoin (BTC) price action during the day did not put in a lower low. For now, this is important. As the chart shows below, the expanded flat is still in play and the c wave could be in since its five subwaves are so crisp and clear.
The below chart shows an impulse white circled waves and a subsequent a,b,c correction. Price has to now put in a higher high.
The alternate count shows that perhaps one more lower low could have potential but not the primary count.
Chart Pattern Recognition shows a bull flag and price is expected to impulse up from here.
I've heard alot of rumors of collusion against BTC in China, Roger Ver antics and much more. I pay no attention to any of that but Technical Analysis. I can't afford to comingle rumors, news, etc with TA because it'll obscure the discernment. The cartoon below pretty much sums up what's going on the rumor/news mill.
Much more in the video!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
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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BTS Wallet - haejin1970
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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.**