SUMMARY
Bitcoin (BTC) did little during overnight price action. However, I want to share with you the below pathway where price can take on an a,b,c,d,e triangle and complete wave iii.
Below shows that the triangle could be not required, but observe how the destination is the same. Often, because price decides to take a different pathway, newbies sell out out of concern. Discerning these multiple pathways hugely help with emotional control. Why? It removes much of the surprise factor.
Price could take the pattern of an ascending right triangle and still arrive at the same wave station iii.
Here is Bitcoin Cash (BCH) ready to move upwards. Little change from last night.
I address again in detail in the video exactly how I lay down my Elliott Waves. This is a further explanation of one of my secret sauces!
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.**