#Bitcoin Daily chart update! 09/23/19 9:50 pm EST

Almost 3 months after bitcoin hit 13,750 , we found ourselves still wondering how much longer before the volatility picks up and we start moving with a more sustained conviction. We are testing once again the lower boundaries of the clearly visible triangle, hanging on by a thread with implications towards the next leg down at 7500. 9300 is the next area to watch to the downside, followed by 9000 zone. The current levels need to hold for any meaningful bounce to take place and bring more confirmation to the idea that we possibly found already an end to this correction. A climb above 10,500 would be a first indication. As i have said many times in my previous updates, price is the only thing that can bring confirmation to a possible count. The way that happens is by certain price levels that we consider key in the elliot wave count to respond to the price movement. When it does not happen , you can have a delay in the count or a failed count altogether. So you end up adjusting your strategy by using the new present and updated information. As traders we are in constant lookout for "what changed" and "where am i wrong" . These 2 statements will keep you always analyzing the flow of data onto the charts and influence your decision making process. If you are disciplined you will make the right decision when the market tells you it has other plans. If you're not, you will most likely suffer through "how did that happen" and "what am i suppose to do now" mentality that will slowly drain your core. Bitcoin will twist and turn quite a few times to make things difficult, but it is meant to test your ability to stay focused and disciplined. It is those that do that get rewarded when the market says "here, have at it".

For more detailed charts, discussions and Elliot Wave learning , visit us at
t.me/cowboycryptomarkets
t.me/cowboycryptomarketsroom
www.youtube.com...ZRmOoRdEiX-DWqA?view_as=su...

Comment:

BItcoin Video Update youtu.be/o0cNi26RDuM