Bitcoin (BTC) price seems to have breached above the Neckline of the IHS pattern (blue circle). IF price can remain above the Neckline and start impulsing upwards, then the likelihood of hitting the minimum run target of $10,387 becomes that much higher.
Blue wave D has been repositioned more left. The upper white line is a very long term resistance and it's like to repel the price once more to start blue wave E.
This remains the most bullish count and with the MACD abouto generate a buy signal, it would be ideal to have the overnight price action put in higher highs. We also need to start seeing some wave 3 personality coming out; such as near vertical price movements.
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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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