Bitcoin has decided to take the stairs down and break below 11,000 just to make this correction a little harder than it needs to be. Good thing is nothing unexpected so we have to follow and respect the price . As we're testing current levels, for any bullish view (the blue labels) I would like to see bitcoin bounce and give indications that a low is at hand. The bullish scenario is a 1,2 1,2 and that is extremely, i repeat extremely bullish. The market doesn't just give candies like that anyday so forgive me if i am skeptical. Further weakness below 10,000 it will pretty much tell that the correction will deepen towards 8,500 , even 7,500 into what I colored in red counts. I need to see price above 12,000 for me to start getting excited about the topside. Until then I continue to remain neutral as we basically sideways since middle of June.
New Video recorded for the Telegram group this morning.
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 !
New Video recorded for the Telegram group this morning.
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 !