Bitcoin (BTC) Mid-Day Update: DECISIVELY BREACH THAT UPPER TREND LINE!!

SUMMARY

Each time a resistance is hit, it becomes weaker. Bitcoin (BTC) is being like a battering ram to that upper trend line resistance. Price is currently sitting on the trend line and now mojo needs to be summoned by the bulls to lift off nad rise above it and the key is to STAY ABOVE. Re-Entry would not be ideal.

I've raised the blue wave 3 to 3.618 of wave 1 as if the this is 3 of 3; then such extension would be zero problem to hit. This makes wave 3 target at $11,011 and wave 5 at $11,133. Following these five waves, will there be a correction? Yes, to a minor degree. Would I be selling and buying in and out of these corrections of such small degree of trends? I don't day trade.

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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