Bitcoin (BTC) Overnight Price Analysis Shows a Wedge Completion and a Fractal Correlation

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·@haejin·
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Bitcoin (BTC) Overnight Price Analysis Shows a Wedge Completion and a Fractal Correlation
<center>![](https://steemitimages.com/DQmQK4McrgQrRtfJ1EqYHY2SKK4h43qbTeQrQY1uNdf5HrY/image.png)</center>
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**SUMMARY**

Overnight price action is showing that the downward action could be near complete, if not already. Price should start reversing up and if it reaches the white horizontal Neckline; it would be ideal for the Right Shoulder (RS) completiong.
![](https://steemitimages.com/DQmP56oSZCvtfJ9tq7wBzRwMEwxkKfRTLtJHcCVgBFS74qr/image.png)


The downward wedge looks complete but not yet confirmed. Price has already started turning and the breach of the upper blue line would confirm the wedge pattern. Often, wedge breakouts exceed its starting points. 
![](https://steemitimages.com/DQmQuK3DPRXw7QiA9bB1zykQcvbXxqnbCVSo5GvNnYRctU7/image.png)

From a fractal perspective, here is a chart you haven't seen in a week. The yellow boxes show a potential comparable positioning of each.
![](https://steemitimages.com/DQmfU8j2qTfcRUBT24TFPEknac1L5XpPTRaJ8Z4ns7vq4hB/image.png)

**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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