SUMMARY
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Ethereum (ETH) still holds the baton and is blazing the price pathway for Bitcoin (BTC) to follow. The D wave stage breakout was absolutely crisp and vertical with the needed surges in volume and price. The price move can already be seen to be in an impulse motive as shown by the white waves. Wave 3 is still in progress and once 5 is complete, a minor correction should follow only to allow a breather for the resumption of the uptrend.
Bitcoin (BTC) is still working on the surge breakout. However, note how prior rises were in spurts. Right after the second fractal (white box); observe how prices rose in small vertical spurts, rested and went vertical and rested...this cycle was repeated. This type of price move is a "personality" attribute of Bitcoin (BTC) and the curren breakout move is expected to move in a similar fashion. The five waves are labeled and BTC too will also do a minor correction after the abc retracement. Once wave 5 is complete; the $10k barrier should also be broken.
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Elliott Wave Counting Tutorial #1
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