SUMMARY
NOTE: Post Upload Duplicate of Monetha was due to lag in connection. Hence, the closeness in time gap between uploads. The duplicate has now been updated with Bitcoin Mid-Day Update.
While Bitcoin (BTC) continues to stretch higher in microwave movements as shown, to a longer term perspective, such price flicks have no bearing. The below chart shows the continuation of the three consecutive wedge fractals. Price has started to reach higher and is likely soon to complete blue wave 3. However, if this morning's post is correct, the wedge pattern could bring about the expected minor correction earlier.
The longer term Elliott Wave count is shown in the below chart. Wave 3 is targeted for $24,652 vai 2.618 x Wave 1; and so an all time high is projected. Wave 5 is 1.5x wave1 and so $31,346 by end of July or so is targeted. This longer term perspective is showing that whatever drama of minor corrections that occur in the journey through the higher degree of trend waves, matters none. It's almost like watch the flicks of fish out of the water.
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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