Bitcoin (BTC) Evening Update: Support Zones

SUMMARY

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Bitcoin (BTC) Evening Update:
The below chart shows a potential fractal of price swings. The white circle contains three arrowed lines and the blue circle outlines a similar fractal. It would be interesting to see how overnight price behaves. The lower white line of the triangle needs to hold against decisive breaches. As a support or resistance is touched, each time weakens it. Most often, the support holds longer than the sellers' stamina; however, they do at times get breached.

I've included multiple support zones, three of which interect the wedge pattern. The fourth aligns well to the apex. These support zones could be use to establish rungs for the first ladder buy zone. I strongly urge laddered ladders! In other words, the wallet of available cash can't be emptied in the very first ladder. Use of multiple ladder zones is most ideal.

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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