Bitcoin has been doing a sideways march over the weekend so I will continue in the spirit of the previous journal entry where we consider this move done as a flat and an attempt to move higher in wave 5 of larger degree underway. We were looking for a 5 wave move off the lows at 9150 and it seems that we got it, and now we seem to be doing a wave 2 or b pullback. Below 9450 its gonna get harder for me to keep optimistic about a bullish count, while a move above 10,800 would more then likely get us going on the wave 3 or C to the topside. Above that downslopping trendline things will get interesting for the crypto bulls. I continue to remain neutral as i have been since 06/26/19 journal entry. Watching and monitoring here , no rush, bitcoin will be around for a while i would guess. For now is resting.
Check out the brand NEW VIDEO i posted on 7/19/19 on you tube under "cryptocowboy" account that takes us through the variations of the corrections in bitcoin .
I also remind you , Our telegram channel "cowboy crypto markets" and our crypto room "cowboy-crypto room" discusses more detailed updates and lower time frame charts. If you want to learn more about Elliot wave , it's a good place to get live market info and familiarize yourself with the wave counting process.
Check out the brand NEW VIDEO i posted on 7/19/19 on you tube under "cryptocowboy" account that takes us through the variations of the corrections in bitcoin .
I also remind you , Our telegram channel "cowboy crypto markets" and our crypto room "cowboy-crypto room" discusses more detailed updates and lower time frame charts. If you want to learn more about Elliot wave , it's a good place to get live market info and familiarize yourself with the wave counting process.