#Bitcoin Daily chart update! 01/29/20 8:35 am EST

Bitcoin broke decisively thru the top of the down-sloped corrective channel that we were watching and waiting to complete for several months. This would be an indication of the next leg higher in bitcoin most likely above 20k all time highs. The patterns should be unfolding impulsively but with the proper corrections. We seem to be now in the initial stages of this advance and building wave 1 up . This should be followed by a 3 wave correction that would offer the next solid entry opportunity. You can notice on the chart the counted progression as i am looking to complete a 5th wave before we correct, but please notice the alternate count 1,2 1,2 that says we could be heading higher still without much correction just yet. I like to stay with the trend for as long as possible until proven wrong by the market. The first indication of us entering a corrective phase would be a drop back below 8900 zone. Until then we follow the market higher.

I am excited to announce the opening of my Pro chart/trading room where we follow everything in detail during the day thru charts, videos, comments . The crypto market is getting hot again so if you need help navigating the waves and learn how to read price charts give us a try. Link is below.
Have a great day and see you on the next update.

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charts and premium video update have been posted to the new room

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New weekly bitcoin video update has just been posted on YT , links below

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Bitcoin weekly YT video update ! Just posted , link below .

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Guys, I got lots of inquiries about the new trading service so I prepared a video that explains it all. See you soon ! New video update on YT everyone , welcome to Elliot Wave Cafe !

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New Bitcoin weekly YT video update ! Just posted , link below .

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Bitcoin technical update for You Tube ! youtu.be/6ONFdtRXLAc