SUMMARY
Overnight Bitcoin (BTC) price action was very interesting. Why? It looks to be putting in a triangle! As I had projected, Bitcoin just LOVES triangle patterns. The chart below shows an a,b,c,d,e that could be in formation. If so, waes a,b,and c are complete and so that leaves waves d and e remaining. Once the last e waves is priced in, then an impulse could be near vertical. I say this because this correction for blue wave 4 is a bit quick. If so, that means the Bull Mojo is still at about full tank!
Here is an alternate count. Being aware of the probable outcomes as well as just about every possible combination truly keeps the panic and greed away! More details on this is in the video. When one is aware of this alternate count, panic does not set in, should price start going below red a and thus invalidate the a,b,c,d,e triangle pattern. This is because awareness removes the suprise factor, the shock effect. In fact, you will feel very much in control and adjust your trade actions accordingly. If the below alternate occurs, no matter, the destination will be the same!
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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Legal Mumbo Jumbo: 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.**