BTC Elliot Wave / Pattern Update 6/5/2018

I'll be updating this blog daily for you folks with whatever info I can deduce with regard to Pattern Analysis / Elliot Wave and MACD/ Volume ....

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So we've progressed on this bull flag, the price is making another attempt to break it, but we'll need another set of impulsive price movement before we can decisively breach the upper orange line.

The impulse could look something like this (prices are symbolic)

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Or, we could draw the resistance line like this; and then we've already broken the flag and we'd expect a massive surge up (or some sideways consolidation) in a short period of time. However this is an alternate view

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Our 4h MACD is still looking super bullish

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And our Daily MACD is still making a rising wedge so sometime in September I'll likely be thinking about profit taking (If the wedge validates)