SUMMARY
Bitcoin (BTC) overnight price followed my Elliott Wave price pathway with near precision! Not only that, the Head & Shoulders was completed and confirmed by price breaching below the Neck Line (red line). The requirement of an expanded flat shows that red C wave needs only below that of red A. So, I position C? and C?? as potential early bottoms while maintainig $6,100 as the primary target. IF these early bottoms do occur, it needs to involve an impulse set of waves upwards and breach above the red Neck LIne.
Often the Head & Shoulders exceed the minimum targets, but I think that's unlikely in this case. This is because since the first H&S attempt shown by the white Neck Line was invalidated, and thus price attempted a second and succeeded saps the strength of this pattern. The video has tons of more details!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial
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 - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
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.**