SUMMARY
Overnight price action for Bitcoin (BTC) could have completed wave 5 of yellow (3). IF this is the case, then a minor correction is in progress. Be aware of a potential Head & Shoulders pattern (blue arrow for RS). This could jive well with the minor correction for yellow wave 4.
The longer term perspective of the white W bottom process is still wel intact. The waves and lables have been shifted slightly to the right given the passage of time. These lables are not meant to provide exactness but landmarks and guides.
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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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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