SUMMARY

Bitcoin (BTC) is likely taking the ABCDE symmetrical triangle route as the primary pathway. It fits well. The below chart has updated waves with everything shifted to the right since time has elapsed. There is that chance of a D wave breakout and that'll be quite attractive.

At times, when Bitcoin (BTC) doesn't have the lead, another coin can usually be found to be holding the baton. In this case, I believe that is Ethereum (ETH). Compare the charts and you'll see that ETH is a bit ahead of BTC with regards to patterning the BTC. ETH has already completed the D wave and is now starting the E wave. IF that's the case, then BTC could follow ETH's lead and complete the D as well. BOTH have the likelihood of breaking out at the D wave.

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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