Bitcoin (BTC) Morning Update: Micro-Counts Show a Probable Breach Pathway

SUMMARY

Thus far, the impulse Elliott Waves have been precision cut and crisp as they can be!

Wave 5 is nearly compelte and could temporarily pierce the upper white trend line before correcting into abc. That target is $10,726 or so. The subsequent ABC target could be $10,157; IF it decides to do a zigzag or a flat. IF the correction is a triangle or more complex, the $10,157 will be updated.

This impulse fits into brown wave i of blue 3. Of all waves, it would be most fitting for brown 3 of blue 3 to decisively breach the upper trend line.

Once the breach occurs, the white circle represents a potential laddering site.

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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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