Bitcoin continues to play around and basically juggle traders as it pleases without having direction. Its a perfect environment to lose money in notorious complex wave 4's . The moment you become convinced a move starts it goes in the other direction, same idea goes for triangles. My neutral stance on bitcoin for a while now helped me keep my sanity and I hope is the same for you too. Mentally you can also lose a lot of emotional capital and after you get exhausted really well, the market starts moving leaving many people behind. This is the nature of this beast we call market and it will never allow traders to easily make it thru.
Bitcoin can still have several interpretations here with an extended corrective nature towards 8500-7500 (wxy, larger triangle, wxyxz ) , but it starts to slowly shape towards the completion of the move. If it is done then we need to see prices above 11k first, then 12k , to convince me we are embarking on the next leg higher. Overall however, the idea remains that we will resume higher , be it from here or after the market takes another leg lower. I will let her show me first. No rush.
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 !
on You Tube search "cryptocowboy"
Bitcoin can still have several interpretations here with an extended corrective nature towards 8500-7500 (wxy, larger triangle, wxyxz ) , but it starts to slowly shape towards the completion of the move. If it is done then we need to see prices above 11k first, then 12k , to convince me we are embarking on the next leg higher. Overall however, the idea remains that we will resume higher , be it from here or after the market takes another leg lower. I will let her show me first. No rush.
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 !
on You Tube search "cryptocowboy"