I wanted to provide a micro update on Bitcoin as we just hit the neck line of our inverted head and shoulders. Over night our bull triangle expanded and became larger. I am very confident that this triangle will carry us into that new plateau of $13k-$14k range.
This morning we started to see motive waves again. As you can see in the chart below the price repelled off of our inverted head & shoulder pattern and is now in an ABC correction. The chart below represents the 5 minute chart so we are fairly granular in our count. What happens next? We correct in an ABC correction which marks wave 2 of a larger count followed by wave 3. This wave should carry us into the top of our triangle and onto our a new plateau of $13,837. I marked a potential price pathway to see how we can get to the top of the triangle.
Next update - Neck Breaking Party!!
May you have abundance in all of 2018!!
I am not a financial adviser as this is all for educational purposes only. It is YOUR responsibility to double check, triple check to see if any of my claims are valid. If you like my content please feel free to comment, thumbs up or donate! If you become rich because of my content please don't forget GunTotnHippie is always looking for a new set of Tibetan singing bowls or the new Sig P220 10mm Legion. ;)
BTC - 1BD4K7YnRejZmhddcjQceo8SHgS9F96uu1
LTC - LLJ1UamiehmRHptYKDdgXzpffJxP7rHD7W