Bitcoin marches in place for now looking for direction. I am keeping the triangle count at forefront with the overlapping price action, while the wxy and the flat remain on the back burner. A wave C can bring prices down to 10,600 , but anything under that and i would start to get nervous about a bounce in wave D. 9,600 would be the flat limits and below that Y wave will have full control. Bottom line, it doesn't appear that the correction is over in any way and lower prices are in store in all counts. Short term we can bounce here in a X or B towards 12,300-400 and that would be the second leg of the main triangle C wave. So not much to do but keeping an eye on it, staying neutral and let it develop. Once this larger correction is done a nice new uptrend should resume and I look forward to that.
Check out the new video on you tube under "cryptocowboy" account. Interesting stuff and counts explanation. Pls check it out.
I also remind you , Our telegram channel "cowboy crypto markets" 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 new video on you tube under "cryptocowboy" account. Interesting stuff and counts explanation. Pls check it out.
I also remind you , Our telegram channel "cowboy crypto markets" 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.