Bitcoin (BTC) Mid-Day Update: A Very Nice Completion of Blue Wave C & Start of Blue Wave D

SUMMARY

Here is the bigger picture showing the position of each blue a,b,c,d,e wave. I believe the white wedge pattern is complete. This also likely brings blue wave C as being placed, too. Blue wave D is expected to be next and price should rise $9,300 or so. Bear in mind that a genuine breakout can occur without completing the blue wave E. Let's see how the coming week takes the price actions.

The closeup shows a vertical move in the process and hence, the end of wave C has been properly marked. The proximity to the apex is acceptable, though closer is always better. The abcde (white) subwaves of the smaller wedge pattern should be complete now. IF we can close above $8,100; that would provide further confrimation that BTC will head towards $9,300.

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.

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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
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