SUMMARY
For many, the objective is just to gain as many Bitcoins possible and so they trade in /BTC pairs. IF your portfolio is measure purely on sum total of BTC; then the rise in nearly all /BTC pairs is a welcome event. The below chart of ETH/BTC has the original markings from a few weeks ago and price/BTC has been tracking it quite well.
The downward pointing symmetrical triangle broke out in an impulsive manner and if wave 1 and 2 are complete, then wave 3 is in progress. likely wave 3 is to extend longer than shown. Wave 5 current target is 0.2 BTC.
Legal Disclaimer: 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.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
