cryptcowboy
Long

#Bitcoin 4h chart update! 05/15/19 9:20 am EST

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Sideways movement in btc for now as we take a pause from the strong advance. If indeed 3rd larger wave is over then a 4th wave would need to develop near term. A drop below 7580 would offer more conviction to that view. A new high would obviously tell us that the pattern is not complete, but the strength of the advance combined with any divergences could be good clues on what comes next. The upper boundary of the channel is being respected for now. A drop below 6817 would be significant and tell of a larger corrective pattern at hand. For now, the market seems a bit tired , but it could be just catching its breath before the next leg higher.
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