SUMMARY
Chart Patterns are invaluable when combined with Elliott waves. They often supplement the EW counts such that you gain greater confidence. On instances when the two contradict, it gives you extra cautionary indications you would otherwise not have if using EW only or vice versa. So, learn to identify the following patterns and become expert at it: Triangles and Flags. Cryptos just love these pattterns!
Overnight price action for Bitcoin (BTC) shows that price breached to the upside above the top line of the bull flag pattern. The MACD also curled up and the red leading indicator crossed the yellow lagging indicator. These have bullish implications and so an impulse should continue towards $23,000 target.
This chart shows a proable symmetrical triangle pattern as well and should price break to the upside on this, then additional confidence can be gained for the $23,000 target.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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