Bitcoin (BTC) overnight price action seems to be completing a third fractal bull flag as shown below. Note the similarity to prior two flags. So, if Fractal #3 is about 2.5x the size of the second fractal; then we can potentially measure the price rise by extending Fractal #2s rise by 2.5. The chart below shows that with the green vertical lines. Not surprisingly, that coincides pretty well with the $20,467 level and I think if that's correct, it'll be an awesome event! I have to say that Cryptos are truly showing price patterns that are the truest reflection of sentiment. Unlike the stock market where excessive manipulations can bend or stretch the waves; not so in cryptos. No PPT or banks here to front run the everyday investors!
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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