The below chart is the most recent update that was posted during today's mid-day post. I believe wave B doesn't need to touch the upper white trend line and instead, a smaller bounce from wave A would suffice. The correction is still expected to be an abc type.
Bitcoin (BTC) has likely completed the a,b waves and has already started on wave c. The wedge pattern is also quite uncanny and the five waves of the C wave are marked in blue. Once the 5th wave is complete; the $10,142 could be the target zone.
However, I see a minor Head & Shoulders top and the Left Shoulder and Right Shoulder are labeled. The blue Neckline is also drawn. IF this pattern is correct and complete as well as confirms; then the minimum price run is projected to be $9,643 or so. Having this in the awareness would be valuable should this alternate become primary.
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.
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?