SUMMARY

Here is Bitcoin's (BTC) daily MACD and similar to the 4 hour chart MACD; it too is patterning out a symmetrical triangle. Note the red histogrram...it's been putting in higher lows and that's NOT bearish. The white circle shows the 12 day moving average line (white) beginning to curl up! Do you think the white line will next cross the red 26 day moving average? If so, we could have a potential breakout at the degree of MASSIVE! It's also so close to the apex!

The W bottom can also be made uncanny as shown in the below chart (blue arrow line). Would you be a buyer or a seller at this point?

Remember this line chart? The double bottom is a leading candidate amongst my probables. Watch that MACD for the bullish cross over! Maybe overnight?

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?

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