Bitcoin (BTC) Mid-Day Update: A Discussion on Fractals

SUMMARY

I wanted to further detail Bitcoin's (BTC) wedge fractals that have been shown in earlier posts. The white box cointains the correction from the $20k top to $5,900 which temorarily poked through the bottom triangle line. The blue box contains the smaller fractal and the blue abcde markings show the same potential for price temporarily poke through the bottom support line of the triangle. The final subwave blue e is likely still in the works and could generate the bull wick event through blue wave 5 of c of e.

The longer term symmetrical pattern is still maintaining blue c wave to complete at around the 20th. That would provide the onset of blue wave d and the final e which would extend towards the early/mid zone of April. These time projections will need a degree of variance but regardless, the closer to the Apex the better for a trend reversal priming.

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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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