Price action in bitcoin continues to be anemic which usually means that we should get a big jump in volatility soon enough. We are converging towards the peak of a triangle with price slowly getting squeezed into a corner so an explosion is bound to happen. Question still remains which way that will be. I have counts that are prepared to handle both and while that might not give enough direction is because there isn't one just yet. We could still correct into a Y wave down or we could be finished and just building the ramp for the next advance. Like i said in my previous post I am leaning towards the latter alternative, but the market has yet to prove itself to me. Some moves in the alts market are signaling the correction could be over, but I need more to be convinced. As is the case with these correction, market needs to exhaust most of the players and get them into a state of apathy so it can take off without people being prepared for it. And if there something we know, markets tend to inflict the most amount of paint to the most participants. Hence I am cautiously monitoring for more signs of underlying pressure, while letting price dictate the tone. Is a game of waiting now.
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on You Tube search "cryptocowboy"
New videos on you tube explain the counts in detail.
JOIN ME on My 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. Just go telegram and search in the search-bar the mentioned names. The traders there have been learning the ropes of this methodology very quickly by being exposed to regular updates and explanations of different wave counts ! Is the best place to learn to control emotions by watching videos and market explanations on the upcoming or past moves using elliot wave crowd psychology.
on You Tube search "cryptocowboy"
New videos on you tube explain the counts in detail.
