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PILLAR (PLR/BTC) is Generating a Bullish Breakout
SUMMARY
PILLAR (PLR/BTC) put in classic impulse 1,2,3,4,5 and the correction is spear head sharp. The wedge pattern contains an expanded flat where red B rises higher than prior five and C contains well separated five subwaves. While the retrace neared 0.618 Fib zone, it is very proximal to the apex. This means a breakout is very near.
Using my proprietary "native" Fib zones, I've placed the blue waves 1,2,3,4,5. Target for 3 is 14,177 Satoshi and 17,241 Satoshi for wave 5. Since wave 5 of C is also complete, there is the last remaining confirmatory action to await, a sudden burst of price upwards. Perhaps 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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