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RE: BTC Morning Update: Treking towards $7,712, Then a Correction? Check out this blog for more analysis!

in #bitcoin7 years ago (edited)

Hey haejin, so far BTC really looks like its been following this ascending triangle, whats the probability of a impulse or a bullish movement after this?
Last time you said that you would prefer to rely on the Elliot wave counts in a scenario like this...
Well the Ew waves are pointing to a bullish outlook.

What else would you add to this drawing/ TA to make it complete?

I get this far but I cant seem to understand what else to do?

Thanks!!

https://www.coinigy.com/s/i/59ff8779034e0/

update, I noticed this smaller triangle but I am not sure if this is just me looking for patterns, it seems to make sense without pushing it much. whats the deal here?

Could this be a bull trap where it dips out of the form and shoots back up to ATHs??