SUMMARY
Bitcoin (BTC) price action overnight breached above the bullish ascending right triangle and has also exceeded $7,000 critical level. The below chart contains last night's markings and overnight price action adhered quite closely to the projection...not too shabby! Recall that the $7,360 is the minimum target of the ascending right triangle. The $8,016 is the minimum price travel for the Head & Shoulders Bottom pattern as had been detailed and explained in last night's update.
The video has much more detail and flows better, but the below chart is a forward discernment of a larger degree Head & Shoulder Bottom pattern, once white wave iii is complete. The minimum price travel for this would be $9,375 or so.
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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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.**