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PILLAR (PLR/BTC) is Generating a Bullish Breakout
SUMMARY
PILLAR (PLR/BTC) put in classic impulse 1,2,3,4,5 and the correction is spear head sharp. The wedge pattern contains an expanded flat where red B rises higher than prior five and C contains well separated five subwaves. While the retrace neared 0.618 Fib zone, it is very proximal to the apex. This means a breakout is very near.
Using my proprietary "native" Fib zones, I've placed the blue waves 1,2,3,4,5. Target for 3 is 14,177 Satoshi and 17,241 Satoshi for wave 5. Since wave 5 of C is also complete, there is the last remaining confirmatory action to await, a sudden burst of price upwards. Perhaps overnight?
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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
Essay: Is Technical Analysis a Quantum Event?
