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**SUMMARY**


Overnight, Bitcoin (BTC) rose a bit; but patterns suggest that a bit more of churning might be needed before we see $9k. The below chart shows two upward pointing wedge patterns and so IF this is correct, price can wiggle a bit more and decline in a minor correction prior to rising towards $9k.

![](https://steemitimages.com/DQmR6RVihGv3dd5XCnDrPgrReSpqgD3jW1EBx8QNK3oc4Qr/image.png)


The wedges fall well within a larger symmetrical triangle pattern as shown below. IF the red ABCDE fall into place, it would provide an ideal launch pad for next vertical rise. Bear in mind that a triangle can also breakout on the D wave. Thus far, waves A is complete and B is getting its final touches. So, the CDE waves require a bit of forward discernment.
![](https://steemitimages.com/DQmdfAikfbbPmLgcGJkqdSwT3hDcwuoKNCeG67H5DGYANb9/image.png)


https://youtu.be/KtUmj87u6J8



**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. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

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