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Bitcoin (BTC) Morning Update: This Wedge Has Breached

Bitcoin's (BTC) overnight price action has completed and confirmed the symmetrical wedge fractal as shown in beow chart.

Using the first fractal's subsequent price action, the below pathway could be approximated for the second fractal:

The fractals can also be presented as bull flag pairs. While exact patterning might be different, the destination is often shared.

The larger pattern still remains the Inverted Head & Shoulders pattern. The Neck Line remains at $12,000 and this is the zone that price needs to breach to complete & confirm the bullish pattern.

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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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