#Bitcoin 4h chart update! 08/11/19 7:10 pm EST

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is still consolidating here towards the top of the channel, without clear conviction of a break either way. The 2 scenarios remain active , with one option saying that we could climb in the 1,2 1,2 count and make new highs in a 5th wave of larger 1, while the other says the correction is likely to continue some more in eiher a 4th wave or a larger 2nd wave. My predictions about the length of the correction have come true if you have been following the regular updates and I must remind you being aug 11th, we have completed the 100% equality with the february 2nd wave correction. Take that as you may, but the waters are still a bit muddy and unless we climb with conviction above 13,200 there is still room to correct as depicted in the red labels.

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 !
Please also check out you tube "cryptocowboy" account !
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