seem to have found a wave 2 low right at the .786 fib retrace of wave 1. If that is the case, we should be moving higher here into a 3rd wave, that needs another 5 waves inside it . So there could be some nice impulsive moves ahead until we reach the top of the channel , where we either continue in an impulsive manner or we stop as part of a connective X wave , only to do another zigzag
down for a Y and correct some more. The jury is out but the month of July is almost over and my anticipation that the correction will last at least this month is coming to fruition. I will remain neutral on this market until we pass 13,000. Until then let's give it the benefit to correct and breathe some more.
I have posted a BITCOIN
video just for the telegram group yesterday , so you can visit that below
Our 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.