URGENT!! Bitcoin (BTC) Evening Update: Critical Juncture REACHED!!!
Here is the chart showing that Bitcoin is at a Critical Juncture!! Today's high was around $11,859; not too far from $12k. BTC needs to decisively BREACH the upper purple trend line to sustain the bull case!! How price reacts will be very important.
From a Bullish Scenario:
I've moved the micro waves up higher with the wave iv being next. This is the bullish case and would mean that the critical juncture would have passed by IF the higher wave V target is hit at $13,103. However, the lower bottom white line of the parallel trend has to hold; though, a brief bull wick would be favorable. AGAIN, the bottom white trend line needs to hold!
IF price only declines to complete the Right Shoulder (RS) of the inverted Head & Shoulder pattern which my blog post had shown for several days; it would also be ideal! Let's see how the overnight price action goes.
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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
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