Bitcoin (BTC) Morning Update: Fractal Embedded within a Bullish Pattern

SUMMARY

Bitcoin (BTC) could be deemed to have put in a third consequtive fractal as shown below (yellow box). The decline form the first flag was not as much as the prior two but he second flag was placed. I believe we should see higher highs in Bitcoin.

I've also drawn out the pattern of an ascending right triangle which consists of a horizontal and an ascending line. What's attractive is how the fractal is embedded within this pattern; hence more bullish! Ascending right triangles appearing at mid point of an ascent act as continuation signals. The minimum price run for this pattern is $9,600 or $10k.

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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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