SUMMARY

Note: Use this link to signup for the BitcoinLive Founders' Membership: https://get.bitcoin.live/haejin/

Ethereum (ETH) still holds the baton and is blazing the price pathway for Bitcoin (BTC) to follow. The D wave stage breakout was absolutely crisp and vertical with the needed surges in volume and price. The price move can already be seen to be in an impulse motive as shown by the white waves. Wave 3 is still in progress and once 5 is complete, a minor correction should follow only to allow a breather for the resumption of the uptrend.

Bitcoin (BTC) is still working on the surge breakout. However, note how prior rises were in spurts. Right after the second fractal (white box); observe how prices rose in small vertical spurts, rested and went vertical and rested...this cycle was repeated. This type of price move is a "personality" attribute of Bitcoin (BTC) and the curren breakout move is expected to move in a similar fashion. The five waves are labeled and BTC too will also do a minor correction after the abc retracement. Once wave 5 is complete; the $10k barrier should also be broken.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--