<center>![](https://steemitimages.com/DQmQK4McrgQrRtfJ1EqYHY2SKK4h43qbTeQrQY1uNdf5HrY/image.png)</center>
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**SUMMARY**

Note:
Apologies for delay on this analysis request fulfillment. I have a backlog and tried to get to it as soon as possible. Please use only to augment your due diligence.


Ripio Credit Network (RCN/BTC) is quite interesting in its pattern. The bullish, downward pointing symmetrical triangles are uncanny in their fractal features. What is a fractal? They are patterns that are quite similar but not exact. Fractal #2 shows that price is already starting to pierce upwards out of the upper triangle line.

![](https://steemitimages.com/DQmYGHTH5fTSJm1QMAknJkGV7DZirsPEjxCXHsmxubuth9R/image.png)

If Fractal #1 is any guidance in how it broke out and reached 3,400 Satoshi; then the green vertical line represents a potential guide for Fractal #2. I've included best possible orientation of the initial impulse waves as this was done on powerpoint. This setup is quite bullish in pattern. 

![](https://steemitimages.com/DQmVSHeotaVvGwUf8sWX8vqVt2bNDRTLHJmVNKo4PbLC7sz/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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